Michelmores’ Corporate team has acted for one of the UK’s largest independent wealth management and financial planning groups, Succession Wealth, on its acquisition of Pannells Financial Planning. The deal will, subject to regulatory approval, take the group’s total acquisitions since 2014 to 59 and bring its private client assets under administration to over £9.4 billion. Pannells, with seven offices across England and Scotland, was founded in 1989 and is one of the largest independent financial planning firms in the UK.
The Michelmores’ Corporate team comprised Partner Henry Taylor and Senior Associate Francesca Hubbard, with specialist support from the Michelmores’ Employment, Tax and Regulatory teams.
The Corporate team has advised Succession Wealth on its acquisitions since 2016. In December 2021, it also advised on the acquisitions (subject to regulatory approval) of JCF Financial (led by Francesca Hubbard) and Bankhouse (led by Alexandra Watson, supported by Adam Quint).
Henry Taylor commented:
“Once again we are delighted to have worked closely with the Succession Wealth team on these strategic transactions as part of its commitment to build scale nationwide for the benefit of its clients, through the acquisition of high quality financial advice firms”.
