IFA Group Acquires Four Advisory Firms

Financial Planners

UK-based advice business Perspective Financial Group has completed four acquisitions for undisclosed amounts.

The acquired companies are:

  • Tees Valley Asset Management, based in Stockton-on-Tees.
  • Leicester based P Bennett & Associates.
  • Manchester-based Oak Financial Management (MCR).and
  • Marlborough Place based in Belfast.

The acquisition will create the Group’s first office in Belfast in Northern Ireland, bringing the total number of offices to 27. The deal also adds 880 additional households as clients and brings assets under management to £240m ($303m, €276m).

Perspective has completed eight acquisitions since the beginning of 2023, bringing the total number of acquisitions completed 16 years ago to 63. The company recently made a triple acquisition of Huddersfield-based HNH Financial Services, Cardiff-based Gould Financial Planning and Whitstable-based Financial Choice IFA.

The group also said it has signed contracts for seven more transactions, all expected to be completed within the next few months.

Biggest Pipeline Ever

Perspective CEO Ian Wilkinson said: Our Perspective Academy, now in its ninth year, is the foundation for ensuring we have a strong pipeline of future talent to support our growth plans.

“With more than 40 people in the Academy, including administrators, paraplanners and financial planners, we are building capabilities that support future growth and provide our employees with excellent career prospects.

“Since our founding in 2007, Perspective has been built on a culture of putting clients at the center of the decision-making process, ensuring we consistently deliver superior results for our clients. First and foremost, as if new principles were written to align with our overall ethos, our vision and core values ​​are aligned with our coming consumer obligations. It matches perfectly.”

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