Perspective notches up 75th adviser acquisition
Fast growing wealth manager Perspective Financial Group has acquired two financial advice firms to push its total of acquired firms to 75.
The latest deals mean the Chorley, Lancs-based group has made four acquisitions in October and 19 this year to date.
In total, Perspective has made 75 acquisitions since it was founded 16 years ago. It now has 37 offices across the UK, 125 Financial Planners and 460 staff.
The deals – which add 1,400 households as clients, £390 million in AUM and two new office locations - have pushed Perspective’s client assets under management to £7bn.
The company says it has also exchanged contracts on a further seven deals which are set to complete in the coming months.
The two latest acquisitions are: Accord Financial Management Ltd in Worthing and RPG Financial Ltd in Rotherham.
Earlier this month Perspective acquired Campbell Harrison in Sheffield and Strategic Financial Portfolios in Halesowen, adding 800 households.
Paul Roper and Jason Bant, directors of latest acquisition Accord Financial Management Ltd, launched the business in 1999.
They said they had chosen to be acquired by Perspective to “sustain and grow” the business further with a larger partner.
In a joint statement they said: “We are delighted to become part of Perspective as they clearly share our ethos, ethics and client-focused approach. This move will provide long term security to the provision of financial advice to our clients and career security our staff.
“Whilst Perspective has the scale of a national group, they retain the feel of a local firm. They share the same fundamental values as we do and are committed to growing our presence in the area.”
Stephen Dilks, Richard Garner and Richard Pink, directors of RPG Financial Ltd, founded their firm 19 years ago.
They said they shared Perspective’s belief in the value of a whole-of-market approach.
Perspective CEO Ian Wilkinson said: “We are delighted that another two client-centric firms have chosen to become part of us. These acquisitions add a further 1,400 households as clients, £390 million in AUM and two new office locations. We welcome everyone from both these firms to the group.
“2023 has been a year of strong and significant progress for us as we continue to deliver our highly selective acquisition strategy, completing a record number of acquisitions. We are over a third bigger than we were a year ago. It’s pleasing that the firms we acquire consistently comment on our professionalism and ‘can do’ attitude.
“Our acquisition pipeline of both large and small firms remains extremely strong and continues to grow month on month.”