Clay Rogers and Partners, a financial planning firm in the UK Midlands region, has joined the financial planning organisation Succession Advisory Services.

Clay Rogers and Partners, a financial planning firm in the UK Midlands region, has joined the financial planning organisation Succession Advisory Services.

The acquisition comes at a time when Birmingham-based Succession has almost doubled its funds under management to £450 million ($737 million) through several acquisitions and referrals over the past five years.

“We are seeking companies that want to continue to grow value rather than exit the industry, as we all work together in true partnership to capitalise the group at the end of 2017,” added Simon Chamberlain, chief executive of Succession.

Through the deal, Clay Rogers’ 30-strong employee force will share insight with Succession’s 60 member firms on its open architecture platform.

Succession Advisory Services is a UK specialist consolidation and capital creation vehicle for wealth management firms, with £1.5 billion of invested client funds as at 2 October 2013.