Tue, 11 Oct 2022 | BUSINESS SALE
National financial planning firm Perspective Financial Group has continued its acquisitive growth with a triple deal bringing in £70 million in assets under management (AUM) and 290 new client households. The firm has also revealed it has its “biggest ever pipeline of acquisitions” in place for the coming 18 months.
The group has acquired Redcar-based Esk Valley Financial Services, which has 150 households as clients and £30 million in AUM. The firm, which was founded in 2002, largely serves rural and farming clients in the North East.
Secondly, Jeff Thurlbeck will join the group as a financial planner. Thurlbeck, who serves clients in the Richmond and Barnard Castle areas of North Yorkshire and County Durham, brings 100 clients as households and £20 million in AUM.
Finally, the group has acquired Nottinghamshire-based Paul J Flynn. The firm, previously part of the Quilter network, has 40 households as clients and £20 million in AUM. The company’s client base will now be served by one of Perspective’s South of England offices.
Perspective has been among the most active buyers in the ongoing surge of UK wealth management M&A. The company, which passed the milestone of 50 acquisitions earlier this year, has significantly upped its acquisitive activity since being backed by CBPE Capital LLP in 2019.
The company’s acquisition strategy takes advantage of several trends currently defining the UK’s wealth management sector, including a growing regulatory burden on smaller independent financial advisers (IFAs) and an ageing population of IFA owners. The firm often targets acquisitions in which an owner is looking to retire, as is the case with both Esk Valley Financial Services and Paul J Flynn.
Commenting on the acquisitions, Perspective Chief Executive Ian Wilkinson (pictured above) said: "This latest trio of acquisitions demonstrates our strong appeal to small, high quality firms and individuals, where we offer an excellent future for the client banks they have carefully built and cherished over several years.”
"We're delighted both retiring advisers and those wishing to continue practicing but wanting to spend their time providing advice to clients rather than running their business, see the appeal of becoming part of Perspective. Our ability to combine the benefits of local offices with the strengths of a national firm, including succession planning and regulatory expertise, remains very attractive to vendors.”
"We have our biggest ever pipeline of acquisitions both large and small over the next 18 months and relish the opportunity to grow Perspective at scale and pace."
Find businesses for sale here.
If you are looking for an exit, we can help!.
The Practice was established by the two present Partners in 1983. The Partners wish to retire although they are prepared to discuss individually proposals to continue working for an agreed time after disposal to assist with the transfer of the goodw...
This is a well-established, modern and progressive LTD Solicitors’ Practice based in the Rhondda Cynon Taff area, servicing Aberdare, Pontypridd, Talbot Green but also Cardiff and nationally. It is worth noting that they are Lexcel accredited and hav...
This Practice is situated virtually in the centre of this market town which has a population of around 17,500 and is on the main line rail network which connects through Plymouth, Exeter, Taunton and Bristol to Reading and London. This is a practice...
26
|
May
|
Administrators to bring landmark Sheffield building to market | ADMINISTRATION
A landmark building in Sheffield is to be put up for sale af...
25
|
May
|
Circular economy group expands with UK takeover | BUSINESS SALE
Reconomy Group, a global circular economy firm, has acquired...
25
|
May
|
Assets of leisure firm to be sold amid FCA investigation | ADMINISTRATION
Administrators are seeking a buyer for the business and asse...
11
|
May
|
Perspective completes four deals amid “biggest ever” M&A pipeline | BUSINESS SALE
Wealth management consolidator Perspective Financial Group h...
17
|
Mar
|
Perspective hits 50 acquisitions with quadruple takeover | BUSINESS SALE
Acquisitive wealth management firm Perspective Financial Gro...
11
|
Aug
|
Perspective makes seventh acquisition of 2021 as advice M&A surge continues | BUSINESS SALE
Wealth management business Perspective Financial Group has a...
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.