Perspective Financial Group has announced that it made two more acquisitions shortly before the Christmas break to take the group’s total number of acquisitions to 22 in 2023.

The latest pair of acquisitions have also taken Perspective’s entire total to 78 since it was founded 16 years ago.

Perspective now has 500 staff, 38 local offices and 140 financial planners, a third of whom are qualified to chartered level or above. It manages £8bn of assets on behalf of clients and the group is now three times the size it was five years ago.

“Successfully completing, and importantly, integrating an acquisition almost every two weeks is testament to the professionalism of our team and a reflection of us delivering on our core values on a daily basis,” said Perspective CEO, Ian Wilkinson.

“I retain my strong belief in the benefits of developing and nurturing talent in-house. That way, people have the right values to be successful with us.

“Given that two of the main motivations for firms in this sector wishing to sell up are the ability for the owners to retire in the near future, or to grow their business further with the resources of a larger group behind them, a strong pipeline of young, motivated talent coming up through our academy is vital to ensure clients can rely on us over the long-term.”

The first of Perspective’s recent acquisitions was the client banks of Simon McGechie and Paul Adams, both former Fairstone Financial Management colleagues. Combined, they have brought 265 households as clients and £55m in assets under management (AUM) to Perspective.

Adams commented: “Whilst I am taking this opportunity to relinquish my authorisation with our regulator I, like Simon, will remain with Perspective for a short period to ensure a smooth handover. Perspective’s impressive approach to its in-house academy gives me confidence that my clients will be well advised long into the future.”

The second acquisition is Park Lane Independent Financial Advisers, who have added 300 households as clients and £135m AUM to Perspective.

Directors, Andrew Frettingham and Paul Southgate, said: “We have always put our clients at the forefront of all that we do and over several years have built valued relationships based on trust and sound financial planning. It is therefore important that we are able to continue to do this for many years to come whilst also dealing with the ever-increasing burden of regulation.”

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