Perspective Financial Group Ltd (Perspective), the national financial planning and wealth management firm, today announces it has completed the acquisition of St Lawrence Investment & Pension Solutions Ltd (St Lawrence) in Canterbury, Kent, its eight acquisition of 2021.
The fast-growing Group has also made two more senior appointments: Paul Everett joins in the newly created role of Operations Manager; Andrew Luczynski joins the Training and Competence function as Manager.
The acquisition of St Lawrence in Canterbury adds 175 households as clients and around £55 million AUM to the Group, coming just weeks after Perspective announced it had already completed seven acquisitions to date in 2021.
St Lawrence, founded by David Earl in 2002, opens up a new location for Perspective in this part of the country where it already has long established offices in Eastbourne, Maidstone and London.
David Earl, founder and Managing Director of St Lawrence, said: “I feel that now is the right moment to introduce additional strength and depth to support the services we provide to our clients in this challenging and uncertain world.
“Whilst I have taken steps over the years to put in place systems and controls to support the business, being part of a larger organisation will provide our clients with a more robust financial advice service going forwards and ensure continuity across many aspects of the firm in the future.
“It will also assist with managing the increasing regulatory burden, which is no less post-Brexit than before, and historically has only ever increased in demands on my time.
“I considered several options and concluded that the best way forward was a merger with a larger firm that shares our values, levels of professionalism and client service ethic. I was keen to retain some practical elements that will help with ‘business as usual’ for our clients, including retaining our Canterbury office and avoiding disruption to our clients’ plans and portfolios.
“I have been delighted by the way Perspective has engaged with us on this process. Everyone I have met is highly professional, responsive and ensures clients always come first. They see the value of retaining a local, long-established office and support this with the strength of a national group. This is a very compelling proposition which I am very confident will deliver long term security to the provision of financial advice to our clients and career security for our staff.
“I am pleased to be remaining as a Financial Adviser and will continue to lead the Canterbury office, so clients will notice relatively few changes other than our new name and branding. We will be known as Perspective (South East) Ltd. I am also delighted that the rest of the team here will also be joining Perspective.”