UK IFA firm Perspective Financial Group has acquired London-based wealth manager Thornton Springer Financial Services for an undisclosed fee.
The deal has given Perspective its first office in the capital and expands its national network to 15 operations across the UK, including Eastbourne, Marlborough, Chester and Newcastle upon Tyne.
Thornton Springer Financial Services, based in Norwood, advises for a wide range of private clients and businesses and will be re-named Perspective (Thornton Springer).
Ian Wilkinson, group managing director of Perspective Financial Group, said: “Establishing our first hub in London is a significant step and we are pleased to have a firm of the calibre of Thornton Springer joining the Group.
“Like them, we believe in delivering an outstanding personal service to clients from local offices.
“We can now provide additional support to them with our strong and professional central service functions including compliance, finance, marketing and HR, meaning advisers spend their time with their clients.”
Acquisitions
This deal is Perspective’s third acquisition in 2019 and its 34th since the group was founded in 2008.
The firm recently acquired IFA business Investment Principles for an undisclosed fee.
It expects further acquisitions to happen over the coming months.
The group’s focus is to merge established financial advisory firms with its existing offices, as well as opening new locations in carefully selected areas.
