Perspective Financial Group has acquired three new financial advisers to take the group’s total to 15 acquisitions so far in 2023.

The three latest acquisitions include Prosperity (GB) in Wingrave, Buckinghamshire, AYP Financial Planning in Hexham, Northumberland, and an undisclosed firm in the North East of England.

In total, Perspective has made 71 acquisitions since it was founded 16 years ago, and now has 33 offices across the UK, 120 financial planners and a total of 450 staff.

The group also revealed that it has exchanged contracts on a further seven deals which will all complete in the coming months.

“Joining Perspective will help to sustain and grow the business further,” said director of Prosperity (GB), Adam Jerreat. “We wanted to be happy that we have a business that provides a continued high level of service for our clients, not just now, but long into the future.”

Founder and director of AYP, Kim Alexandra, commented: “I established AYP almost 20 years ago to offer a top quality independent financial planning service for women.

“Since then, we have evolved beyond specialising in advising women, and have experienced tremendous growth with clients confidently referring family and friends as they know all will be treated with the utmost respect and professionalism by the whole team.

“This move will provide long-term security to the provision of financial advice for our clients, career security and indeed greater opportunity for our people, and the ability to grow our office in Hexham.”

CEO of Perspective, Ian Wilkinson, said the new acquisitions will add a further 1,000 households as clients, £250m in assets under management (AuM), as well as two new local offices.

“We welcome everyone from these firms to the group,” he added.

“Our pipeline remains extremely strong and continues to grow month-on-month. We are meeting both large and small firms and we plan to continue to grow at scale and pace with our highly selectively acquisition strategy.

“Interestingly, we have re-engaged with half a dozen firms over the past two months that have recently terminated discussions with other acquirers, as other acquirers have been unable to complete their proposed acquisition for various reasons.”

Wilkinson added: “We are often surprised that references are not taken more regularly from those looking to sell their business, given it is likely to be the single largest financial decision they will make in their lives. We always encourage vendors to take the appropriate references before making a decision on their most appropriate acquirer.”

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