Perspective snaps up 3 adviser firms - adding £250m AUM
Fast-growing wealth manager and Financial Planner Perspective has made three new acquisitions, adding £250m in AUM and boosting its total number of adviser firm takeovers so far this year to 15.
The Chorley, Lancs-based firm says it has now made 71 acquisitions since being founded 16 years ago, building up a network of 33 offices across the UK, 120 Financial Planners and a total of 450 staff.
Perspective said today it has also exchanged contracts on a further seven deals due to complete in the near future.
The three latest acquisitions are: Prosperity (GB) Ltd in Wingrave, Buckinghamshire, AYP Financial Planning Ltd in Hexham, Northumberland and an undisclosed firm in North East England where the adviser is retiring.
John Burchett, director of Prosperity (GB) Ltd said: “Since 2004, Prosperity (GB) Ltd has experienced exceptional growth due to numerous recommendations from existing clients and professional connections for which we are immensely grateful.
“I have decided it’s time for me to retire soon, though will continue to be involved with the firm for a short period to ensure a smooth handover. My fellow director, Adam Jerreat will remain with the business and continue to look after his clients, old and new.”
Adam Jerreat, director said: “Joining Perspective will help to sustain and grow the business further. We wanted to be happy that we have a business that provides a continued high level of service for our clients, not just now, but long into the future.”
Kim Alexandra, founder and director of AYP Financial Planning Ltd (AYP), said: “I established AYP almost 20 years ago to offer a top quality independent Financial Planning service for women. Since then, we have evolved beyond specialising in advising women, and have experienced tremendous growth with clients confidently referring family and friends as they know all will be treated with the utmost respect and professionalism by the whole team.
“This move will provide long term security to the provision of financial advice for our clients, career security and indeed greater opportunity for our people, and the ability to grow our office in Hexham. I will continue to look after our clients old and new and am very pleased that the whole team is transferring across to Perspective.”
Perspective CEO Ian Wilkinson said: “We are delighted that these three firms have chosen to become part of us. These acquisitions add a further 1,000 households as clients, £250 million in AUM and two new local offices, including one in Hexham where I grew up. We welcome everyone from these firms to the group.
“Our pipeline remains extremely strong and continues to grow month on month. We are meeting both large and small firms and we plan to continue to grow at scale and pace with our highly selectively acquisition strategy.”