Succession Wealth recently acquired True Wealth Group, strengthening its financial position by £1.1bn in assets under advice.
- The acquisition is the fifth for Succession Wealth under the ownership of Aviva, showcasing a pattern of strategic growth.
- True Wealth Group, with a history of over 20 years, has been involved in financial planning, wealth management, and consultancy services.
- Succession Wealth’s strategic acquisitions have amassed £2.2bn in client assets this year alone, reinforcing its market position.
- The management of True Wealth Group, led by its founders, will continue to play a role post-acquisition, ensuring a seamless transition.
Succession Wealth’s acquisition of True Wealth Group significantly bolsters its asset base by £1.1bn, representing a key strategic move in the financial planning sector. This marks the company’s fifth acquisition since coming under Aviva’s ownership, demonstrating a clear strategy for expansion and robustness in its portfolio.
True Wealth Group has been a key player in the field of financial planning and wealth management for over two decades. Led by co-founders John Baxter and Tim Crew, the firm has not only specialised in these areas but has also engaged in consultancy services, making it a valuable addition to Succession Wealth.
The latest acquisition adds to an impressive year for Succession Wealth, having already incorporated £2.2bn in assets through similar strategic purchases. Earlier in 2024, the firm had acquired DFP Health & Wealth Management and London Wall Partners, indicating a deliberate pattern of expansion to enhance its market stature.
Leadership continuity is a priority in this transaction, with True Wealth Group’s management, led by its experienced founders, expected to remain involved. Their ongoing participation is aimed at facilitating a smooth integration process and maintaining client confidence during the transition.
This acquisition further solidifies Succession Wealth’s position in the financial sector, highlighting its ongoing strategy for growth and strengthening its asset portfolio.
