Perspective Financial Group has purchased three firms based in Huddersfield, Cardiff and Whitstable.
The firm bought HNH Financial Services Ltd (HNH) in Huddersfield, Gould Financial Planning Ltd in Cardiff and Financial Choices IFA Ltd (Financial Choices) in Whitstable.
This move creates two new office locations for the group – Huddersfield and Cardiff - taking its total to 26.
In addition, the group exchanged contracts on a further 11 deals which will all complete in the coming months.
Mansel and Tim Hutton, two brothers, and directors of HNH, said: “Since Haxton Nichols Hutton was established nearly 40 years ago in 1984, becoming HNH in 2007, we have continued to increase our loyal client base, due to recommendations from existing clients and professional connections for which we are immensely grateful.
“Our attention has naturally been drawn towards the future of our business and we decided the best solution for our clients and our staff was to seek a merger with a larger partner who could provide access to the additional support we require, and assistance with the increasing regulatory burden.
“It was really important we had great trust in the firm we were joining. Perspective will provide long term security to the provision of financial advice for our clients, and a commitment to maintaining and growing our office in Huddersfield.”
As part of the acquisitions, Financial Choices IFA, founded by Kevin Bodle in 2006 - who is retiring - will become part of Perspective’s existing office in Maidstone.
Likewise, Gould Financial Planning’s Andy Gait will move over to Perspective while director Simon Gould will retire.
Gould said: “With me in my seventies and Andy Gait in his mid-fifties, the long-term future of our business, including the continued provision of advice to clients and future opportunities for staff, was a key priority.
“This move gives us confidence and peace of mind that our clients will always be advised by some of the most talented and professionally qualified financial planners. Perspective’s scale and excellent reputation means it attracts, develops and retains some of the best people. “
These deals add a further 760 households as clients and £515mn in assets under management to the group.
Perspective said it has a strong wider pipeline and anticipates several more completed deals during 2023.
Ian Wilkinson, chief executive officer of Perspective, said: “We are delighted that HNH, Gould and Financial Choices chose to become part of us.
“We have our biggest ever pipeline of acquisitions, both large and small, and relish the opportunity to grow further at scale and pace.”
sonia.rach@ft.com
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