Succession Advisory Services has achieved half of its five year funds under management target in its first year of operation. The member-based wealth management business and financial services consolidator has subsequently revised ongoing targets.

"Succession has rapidly established itself as a major influence in financial services distribution. After just 12 months we are working with 30 member firms representing £5 billion funds under management," said chief executive Simon Chamberlain. “Once we have achieved our target FUM of £7 billion – with around 50 member firms - we will cease recru...