Praemium has taken on UK firm Succession Advisory Services as a new client who will be using the tech firm's dps Select service.

Succession will use dps Select to provide the discretionary platform as part of the investment matrix it offers to its member firms.

Succession Advisory Services Limited is a wealth management business, providing fund management, financial services consolidation and capital creation for professional IFA firms in the UK.

The firm specialises in helping IFA businesses prepare for the forthcoming new regulation and realise their capital value by transitioning businesses to a best practice model based on client value.

In the past month, Succession has signed a number of IFA firms who together have committed more than £1bn to the matrix.