Paul Morrish

Alistair20000

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Paul works as Group Corporate Director for Succession Group, the UK’s fastest-growing Wealth Planning brand.
Succession Group provides rich and rewarding experiences for private and corporate clients, with
tailored Wealth Planning solutions to achieve clients’ financial goals and expectations throughout
each stage of their life.
A lot of those buzz words have me reaching for the sick bag 🤢
 

Alistair20000

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Looks like the technique of building a financial advice brand, then getting loads of advisers to join + taking over/hoovering up smaller firms. A technique that has worked for others in the past, but it is tricky to pull off, especially in such a competitive market. I suspect much of the sale price will be taken by those who have put capital in along the way, but for founders even a small percentage of a nine figure sum is well worth having!
They used to call that "consolidators"
 

Grecian2K

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They used to call that "consolidators"
Or monopolists?
(Once you've cornered the market you can charge whatever you like...for examples see water, rail, energy or whatever other example you like. Once you've driven out the opposition you can charge whatever you like, especially if you can form an informal cartel with the remaining players. "Competition" works wonderfully in a fair, open market. That's why "capitalists" strain every sinew to break it)
 
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