News

28
Jul

Perspective makes four IFA acquisitions

Perspective Financial Group has completed the acquisition of four IFA firms in Warrington, Sevenoaks, Burford and Bury. Perspective has also made two senior hires which further bolsters its management team. The acquisitions have brought the amount of Perspective local offices across the UK to 19.

Prolific Financial Services

Perspective has bought Prolific Financial Services in Warrington, Cheshire, opening up a new location for the group. The firm, founded in 2001 by Phil Newton and Simon Allan, has a client base of individuals and corporates across the North West. All six Prolific staff and directors have subsequently transferred across to Perspective, with Phil and Simon continuing to lead the office.

Evolve Financial Management

The second acquisition is Evolve Financial Management, a sole adviser IFA based in Sevenoaks, Kent. Founded by Mike Fisher 20 years ago, Evolve’s clients will now be served from Perspective’s existing nearby office in Maidstone.

Bowman Financial Planning

The group’s third acquisition is Bowman Financial Planning Ltd in Burford, Oxfordshire which will join Perspective’s existing nearby office in Woodstock. Founded in 1993 by Paul Catling, Bowman has grown significantly through personal recommendations from existing clients, lawyers and accountants. Two members of staff from Bowman are transferring across, whilst Paul and other advisers will be retiring later this year.

Quantum Portfolio Management

Perspective’s fourth acquisition is Quantum Portfolio Management in Bury, Lancashire. Bowman specialises in advising recipients of substantial damages settlements resulting from catastrophic personal injury and medical negligence claims. Founded by Nigel Minay and Kelvin Barlow in 2003, the firm works very closely over the long-term with its clients and their families, their other professional advisers and personal support teams. Much of its work involves the Court of Protection. Perspective’s Thomas Harrison will become the lead adviser

Collectively, these four acquisitions add 600 clients and £350 million AUM. This brings Perspective to a total of 23,000 clients and £3.6 billion AUM.

Ian Wilkinson, chief executive officer of Perspective, said:

“Acquisitions are still a major strategic driver. As a minimum, we will complete at least the same number of deals in the second half of 2021 as we have done in the first half. 

“These vary in size from one-man bands to larger established firms that enable us to add to our network of local offices. We remain interested in deals at both ends of the size scale. 

“We continue to work closely at both a local and national level with accountants and lawyers who share our standards of client service, technical excellence and value for money and we are keen to grow these connections.”

Perspective has also made two senior industry appointments. Fay Anderson joins from Intelliflo where she held various senior client-facing roles during her 17-year career there. She now heads up implementation of the latest Intelliflo systems across Perspective’s 19 offices. Stuart Groves joins as manager in the Training & Competence function to support growth in the onboarding of advice teams following acquisitions, as well as developing existing staff.

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