Succession Holdings, the vertically integrated financial services organisation, has bought its 14th member firm to be absorbed into its wealth arm, Succession Group.

Succession Group, the UK wealth management advisory business, has acquired DNG Financial Solutions for £2.9 million ($4.4 million).

The acquisition, which is subject to FCA approval, brings the group's target of 50 member firm acquisitions by the end of 2017 a little closer. The purchase of DNG, which joined Succession's network back in 2010, marks Succession's 14th from its membership. In January, the group acquired Finch Financial Services for £3 million.

“Our proven consolidation and acquisition model ensures rapid integration of member firms and provides exciting development opportunities for business owners and their teams,” said the chief executive of Succession Group, Simon Chamberlain.

As part of the group, DNG, which has offices in Daventry and Northampton, will continue to provide financial planning and cashflow modelling services to meet rising demand, Simon added. 

“Over the last five years we have more than doubled our funds under management from active engaged clients,” said DNG’s managing director, Peter Dubber.

“We have already benefitted from Succession’s focus and innovation and we look forward to joining other like-minded professionals.”

Succession Group is the national wealth management advisory arm of Succession Holdings, which oversees £10 billion of funds under management.