Succession Group, the UK wealth management advisory business, has added Highcliffe Financial Management and Highgrove Financial Planning to its chain of recent acquisitions.

The UK's Succession Holdings has acquired two wealth management businesses from its membership for almost £7 million ($11 million), bringing the group closer to its target of 50 member firm acquisitions by the end of 2017.

Lymington-based Highcliffe Financial Management and Worcester-based Highgrove Financial Planning together manage over £200 million in funds and will now become part of Succession Group. The latest buys follow that of DNG Financial Solutions for £2.9 million in June.

“Succession Group is the fastest-growing wealth management firm in the UK because uniquely, our proven consolidation and acquisition model builds value and capital into already successful businesses,” said the group's chief executive, Simon Chamberlain.

“Business owners and their teams are quickly integrated into our client-centric framework, which combines financial planning and advice with comprehensive investment services – providing the widest choice of funds available and a robust governance to manage them - to help clients achieve their unique and individual financial goals.” 

Succession's 350 advisors look after a total of over £10 billion of funds. The group has 80 firms as part of its membership.