Succession Advisory Services, the UK-based IFA consolidator, has boosted its assets under management by over £500 million with the addition of three new firms - Hightree Financial Services, Financial Management Group and Total Financial Solutions - to its network, Money Marketing reports.

Hightree has some £400 million in funds under management and 16 registered individuals; Financial Management Group has £110 million in FuM and five registered individuals, while Hightree has Financial Services has around £50 million in FuM, according to the publication.

“There is now a solid base of reputable, productive and profitable IFA firms powered by Succession, representing £3.5 billion of client assets,” Simon Chamberlain, Succession’s chief executive, is reported to have said.

In other recent developments, last month Succession recruited Frank Dixon, Richard McGarvey and Ian Smith as relationship directors.

Dixon joins from Zurich Financial Services; McGarvey joins from Acumen and Smith was formerly with 2Plan Wealth Management.

In addition, Keith Brown and Martian Vaughan were appointed to the firm’s newly-formed implementation team to support transitioning member businesses.

The appointments formed part of Succession’s £1 million investment aimed at accelerating the transition of its member firms.