UK-based advice business Perspective Financial Group has completed four acquisitions for undisclosed sums.
The firms that have been bought are:
- Stockton-on-Tees-based Tees Valley Asset Management;
- Leicester-based P Bennett & Associates;
- Manchester-based Oak Financial Management (MCR); and
- Belfast-based Marlborough Place.
The acquisitions create an office location for the group in Belfast, its first in Northern Ireland, taking its total to 27 offices. Also, the deals add a further 880 households as clients and £240m ($303m, €276m) in assets under management.
Perspective has completed eight acquisitions since the start of 2023, and 63 acquisitions in total since the group was founded 16 years ago. The firm most recently made a triple swoop for Huddersfield-based HNH Financial Services, Cardiff-based Gould Financial Planning and Whitstable-based Financial Choices IFA.
In addition, the group said it has exchanged contracts on a further seven deals which will all complete in the coming months.
Biggest ever pipeline
Ian Wilkinson, chief executive of Perspective, said: “We have our biggest ever pipeline of acquisitions, both large and small, and relish the opportunity to grow further at scale and pace. Our Perspective Academy, now nine years old, is fundamental to ensuring we have a strong pipeline of future talent to support our growth plans.
“With over 40 people in the Academy including administrators, paraplanners and financial planners, we are building the capacity to support future growth and provide excellent career prospects for our people.
“Perspective has been built around a culture of putting our clients at the centre of our decision-making process to ensure that we always deliver good client outcomes, as far back as our beginning in 2007. We always put ourselves in our clients’ shoes first and foremost, so our vision and core values are perfectly aligned to the incoming Consumer Duty, as though the new principle was written to match our entire ethos.”
