Perspective Financial Group Complete 100th Acquisition
It is with great pleasure that we report that Perspective Financial Group Ltd (Perspective) has successfully completed nine further acquisitions during the second half of October. This includes the 100th acquisition that the Group has made since its inception in 2008. By March 2022, fourteen years after the Group was established, it had completed its first fifty acquisitions, which is a telling indication of the high rate of expansion that the Group is experiencing. Over the course of just two and a half years, the ensuing fifty acquisitions have been completed, which is equivalent to an average of one deal every two and a half weeks.
There are 2,500 households that have become clients, six extra office locations, and 48 members of staff as a result of these acquisitions, which collectively add one billion pounds worth of Assets under Advice. Therefore, the total number of acquisitions made by the Group now stands at 102.
The Group’s national reach is expanded as a result of these purchases, which include an additional financial advisor in Manchester, Preston, Reading, Rotherham, Teesside, Towcester, and Warwick.
These are some of the acquisitions:
The following companies have been acquired: Springfield Financial Services Ltd. in Preston, Millfield Osceola Financial Consultancy Ltd. in Twyford, Reading, Hawley & Wood Ltd. in Rotherham, Fortitude Financial Planning Ltd. in Towcester, Warwick Financial Solutions Ltd. in Warwick, Edgmoor Financial Planners in Manchester, Keith Mason Wealth Management Ltd. in Canterbury, a client bank in Teesside, and a self-employed adviser buy-out.
Vanessa Townshend, Co-owner of Springfield Financial Services Ltd said: “After 20 years of working together and growing Springfield Financial Services, Tony Pilkington, Managing Director, decided to take retirement. When looking for a new owner, our main concern was continuity. With Perspective, we are confident that we have joined a company that will assist us in continuing to provide high quality, client-centric advice, and will also provide a welcoming, secure environment for all our staff.”
Greg Jones, Director of Warwick Financial Solutions Ltd said: “After 40 years of looking after our wonderful clients, it was very important we found a company that had the same values as us. After nearly two years of careful research, we found a partner in Perspective who are a perfect fit for our clients and our hard-working staff team.
“I know Perspective takes great care in who they acquire with significant and detailed due diligence, so we are very proud to become part of the organisation. Our clients will be looked after by the same staff and advisers as before, which achieves a seamless continuity for all our clients for the future.”
Barry O’Neill, Director of Edgmoor Financial Planners said: “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.
“It is obvious that Perspective has the same ethos as we do in client servicing and maintaining personal relationships. As such, this is a good fit for both parties and we look forward to serving our long-standing clients for many years to come under the Perspective banner.”
Ian Wilkinson, Chief Executive Officer 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 timeframe.
“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.”
