Succession to launch ‘lite' version of platform for sub-£50k clients

Wealth management group Succession is launching a ‘lite' version of its platform for clients with less than £50,000 of investable assets.

Clients will be charged 25bps for using the expanded Succession Investment Platform, with an extra 18bps for access to a risk-rated fund which Succession CEO Simon Chamberlain said is due to launch shortly. Succession Holdings was launched in 2009 and, following a major investment earlier this year, is now 50.1% owned by private equity group Inflexion. As well as its platform, it has a national wealth management brand, Succession Group. The company invites advisory firms to adopt its processes, use its in-house investment matrix and place client assets on its open-architecture platfor...