Perspective Financial Group has made nine purchases in the second half of October, including its 100th since the firm was founded in 2008.
These included Preston-based Springfield Financial Services, Reading-based Millfield Osceola Financial Consultancy, Rotherham-based Hawley & Wood, Towcester-based Fortitude Financial Planning, Warwick-based Warwick Financial Solutions, Manchester-based Edgmoor Financial Planners and Canterbury-based Keith Mason Wealth Management Ltd.
As well as a client bank in Teesside and a self-employed adviser buy-out.
The deals take the group up to a total of 102 acquisitions since its inception in 2008.
They will add £1bn of assets under advice, 2,500 households as clients, six office locations and 48 members of staff to the group.
Ian Wilkinson, chief executive of Perspective said: “The uncertainty around potential tax changes in the Budget created a desire from a number of vendors to complete transactions in an accelerated time frame.
“We are delighted to have been able to respond to the challenge, demonstrating the efficiency of our process and the dedication of our team. These nine transactions add a further six strategic office locations for Perspective, which in turn will greatly assist in further delivering our business plan.”
Barry O’Neill, director of Edgmoor Financial Planners, added: ““As a small firm, we were finding the increasing regulatory requirements onerous, when what we wanted to do was spend more time with clients.
“Joining Perspective allows us to do that. They provide the regulatory framework for us, allowing us to do what we do best, speak to clients and help manage their finances.”
Last month, Perspective snapped up four firms which included Clayden Financial Planning, PW White & Partners, Constellation Financial Solutions, and the client book of a long-standing adviser based in Perspective’s Newcastle office.
alina.khan@ft.com
