Perspective Financial Group Ltd (Perspective) is pleased to announce it has completed a further acquisition, its twelfth this year, with the purchase of Hunter & Co (IFA) Ltd (Hunter & Co) based in Burntwood, Staffordshire. In addition, Perspective has exchanged on four further acquisitions all awaiting Financial Conduct Authority (FCA) approval, which will give the group a strong start to 2023.
Hunter & Co’s roots go back to the mid 1990s and has 390 households as clients with £115 million Assets Under Management. The firm advises clients throughout Shropshire, Staffordshire, the West Midlands and Warwickshire. The two directors, Scott Flemings and Steve Bennett, will continue to head up the office in Burntwood which will now be known as Perspective (Staffordshire), whilst also retaining all their existing staff.
Scott Flemings and Steve Bennett, Directors of Hunter & Co (IFA) Ltd said: “Our firm has a particularly loyal client base with many relationships going back over 30 years. With Perspective’s help and resources, we are excited to embark on the next stage of growth and development for the office.
“We looked at several potential partners. Right from the first contact with Perspective, we felt they were genuinely client centric and had a similar view on value for money and fees. It was very important to us that any new partner shared our vision for strengthening our office including keeping the current staff and location. We are pleased to now become part of Perspective.”
Ian Wilkinson, Chief Executive Officer of Perspective said: “We are delighted that Scott Flemings and Steve Bennett chose to become part of us and welcome their team to the Group.
“2022 has been an outstanding year for us, completing 12 acquisitions, one every month. In total, we have added seven new offices, nearly 3,000 households as clients and over £800 million AUM.
“We have very strong momentum with four further acquisitions planned to complete in early 2023, once FCA approval is received. This is on top of our biggest ever pipeline of acquisitions, both large and small. We relish the opportunity to grow further at scale and pace.”
“Perspective has been built around a culture of putting our clients at the centre of our decision-making process to ensure that we always deliver good client outcomes, as far back as our beginning in 2007. We always put ourselves in our clients’ shoes first and foremost, so our vision and core values are perfectly aligned to the incoming Consumer Duty, as though the new Principle was written to match our entire ethos.”
Perspective’s 2022 deals included the purchase of an £100m AUM firm based in Sussex, and a triple acquisition of northern advice firms, marking a real expansion across the UK.
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Louise Jeffreys is managing director of Gunner & Co, an IFA broker with values based on strong relationships built on trust, credibility and value.
Gunner & Co. specialise in IFA sales, IFA business sales, retiring IFAs and IFA client bank sales.