Fast growing wealth manager and Financial Planning group Succession has acquired four financial advisory firms as it heads toward 50 takeovers.

The four deals add £255 million in combined funds under management and bring the total number of acquisitions made by Succession between January 2014 and 31 December 2017 to 47, the company says.

The acquired companies are Independent Advisors (Scotland) and Fergus Muirhead, based in Glasgow; City of London’s Booth Wealth Management and Rossmore Financial Services in Warwickshire

Succession’s newly-appointed group chief executive James Stevenson said: “Succession kick-starts 2018 by continuing to deliver on its proven and highly successful acquisition programme. After a year of outstanding performance, during which we acquired a total of 14 businesses across the country, we are thrilled to welcome these high calibre firms, owners, advisers and staff on board.

"We now have 12 regional hubs and every one of these latest acquisitions will be key to strengthening our core business nationwide”.

With clients mainly in west and central Scotland, Independent Advisors (Scotland) were fast-tracked into Succession after only six months of discussions.

IAS managing director Alistair Creevy, said: “Succession is investing in Glasgow as a centre for business growth. We were in talks for only six months prior to completion and have been extremely impressed with the entire acquisition process and the tremendous support we received throughout.

Fergus Muirhead, an appointed representative of Independent Advisors (Scotland), said: “We are a very mature Financial Planning practice and we admire Succession Group’s can-do approach. We plan to build significant presence in the Glasgow region”.

Booth Wealth Management joined Succession’s affiliated membership in 2015.

Managing director Julia Booth said: “We wanted a strong, long-term proposition and Succession provides this. We are a superb fit as both businesses are committed to cashflow modelling, holistic advice and to providing a dedicated service to our clients. After almost 30 years in the sector, it is clear to me that financial advice is in great demand. We are in exciting times”.

Warwick-based Chartered Financial Planning firm Rossmore Financial Services also joined Succession as a member firm two years ago.

Chris Cooke, partner, said: “Our vision was to be part of a much larger business which would challenge us and help us extend and enrich the services we offer to our clients. Succession has strong leadership and is committed to a comprehensive training for its people. This can only be good for clients”.