Succession has bought a London-based firm that provides independent advice to city professionals, entrepreneurs, executives in industry and family estates.
The firm has bought London Wall Partners, which was founded in 2012, and has £900mn of assets under advice.
Nick Fletcher, founder of London Wall Partners, said: “Our business has been built on a love for our clients and staff, the integrity of independent advice, and the ability to provide clients with whole-of-market financial planning and investment management solutions, which will remain central to how we operate.
"It is for this reason that we were attracted to the opportunity of partnering with Succession, where we can continue to provide independent advice, while benefitting from the additional capacity and resources that come with a large, established firm."
Partners and staff are set to continue working from the company's offices in London.
It is Succession's fourth acquisition since the company was bought itself by Aviva in 2022, and marks the second purchase in this year.
Succession Wealth CEO, Roger Marsden, said it broadens the firm's capabilities in London and the south east.
He said: "We are currently seeing a large number of high-quality firms looking for a partner with a proven track record and who also provides underlying funding and ongoing certainty for clients and staff.
"This gives us a strong competitive advantage and we are pleased to be able to focus on joining forces with established firms like London Wall Partners which specialises in this important part of the market."
Marsden said Succession has plans to build through further acquisitions.
In January, the firm added £165mn in assets under management with the purchase of Plymouth-based advice firm DFP Health & Wealth Management.
tara.o'connor@ft.com
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