It’s a done deal for Aviva and Succession Wealth.

The £385 million transaction, which was first announced in March, has now been finalised. A national independent financial advice firm that has around 200 planners, Succession Wealth will retain its branding and continue to operate as a separately regulated business.

Read more: Amanda Blanc on Aviva M&A and the recessionary environment

Commenting on the purchase completion, Aviva stated: “The acquisition significantly enhances Aviva’s presence in the fast-growing UK wealth market and expands Aviva’s ability to offer high-quality financial advice to a significant number of its six million pension and savings customers without an existing adviser.”

Succession Wealth is now part of the advice operations under Aviva UK & Ireland Life. Last month, Michele Golunska was appointed as managing director for wealth and advice, with remit spanning the intermediary platform business, the workplace business, heritage customer solutions, and advice operations.