Michelmores has advised Succession Wealth, the independent wealth management firm, on its acquisition of national financial advice firm Investors Planning Associates Limited (IPA).
The acquisition brings almost £500m in funds under management and 1,750 clients, increasing Succession Wealth’s total FUM to close to £8.5bn and its client base to nearly 22,000.
Henry Taylor and Francesca Hubbard in the Corporate team advised Succession on the acquisition, supported by Kathryn Walters in the Employment team. The Michelmores Corporate team have advised Succession Wealth on its acquisition trail since 2016.
Francesca Hubbard commented:
“Once again we are delighted to have worked closely with the Succession team on this transaction as part of Succession’s ongoing commitment to nationwide expansion and the acquisition of large, quality financial advice firms”.
Maurice Manasseh, the former Middlesex and Oxford University cricketer, founded IPA in 1970. Nearly 50 years later, IPA is a national firm with 18 planners and 26 administrators who will join Succession’s offices throughout the country.