Perspective further raises its growth trajectory with new acquisitions and senior hires

by | Jul 28, 2021

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Perspective Financial Group Ltd (Perspective), the national financial planning and wealth management firm, today announces it has completed the acquisition of four IFA firms in Warrington, Sevenoaks, Burford and Bury, and also made two senior hires which further bolsters its management team.

Perspective has bought Prolific Financial Services Ltd (Prolific) in Warrington, Cheshire, opening up a new location for the group and increasing its network of local offices to 19. The firm, founded in 2001 by Phil Newton and Simon Allan, has a client base of individuals and corporates across the North West with many strong connections with fellow professional services firms in the region. All six Prolific staff and directors have transferred across to Perspective, with Phil and Simon continuing to lead the office.

The second acquisition is Evolve Financial Management Ltd (Evolve), a sole-adviser IFA based in Sevenoaks, Kent. Founded by Mike Fisher 20 years ago, Evolve’s clients will now be served from Perspective’s existing nearby office in Maidstone with Mike retiring.

The group’s third acquisition is Bowman Financial Planning Ltd (Bowman) in Burford, Oxfordshire which will join Perspective’s existing nearby office in Woodstock. Founded in 1993 by Paul Catling, Bowman has grown significantly through personal recommendations from existing clients, lawyers and accountants. Two members of staff from Bowman are transferring across, whilst Paul and other advisers will be retiring later this year.

 
 

Perspective’s fourth acquisition is Quantum Portfolio Management Ltd (Quantum) in Bury, Lancashire, a specialist adviser to recipients of substantial damages settlements resulting from catastrophic personal injury and medical negligence claims. Founded by Nigel Minay and Kelvin Barlow in 2003, the firm works very closely over the long-term with its clients and their families, their other professional advisers and personal support teams. Much of its work involves the Court of Protection. Perspective’s Thomas Harrison will become the lead adviser.

Collectively, these four acquisitions add 600 clients and £350 million AUM, giving Perspective a total of 23,000 clients and £3.6 billion AUM.

Perspective has also made two senior industry appointments. Fay Anderson joins from intelliflo where she held various senior client-facing roles during her 17-year career there. She now heads up implementation of the latest intelliflo systems across Perspective’s 19 offices. Fay commented: “I was Press Release: 28th July 2021 drawn to Perspective as they have the feel of a local firm but the strength of a national one. I am delighted to bring my experience of working for intelliflo to Perspective.”

 
 

Stuart Groves joins as manager in the Training & Competence function to support growth in the onboarding of advice teams following acquisitions, as well as developing existing staff.

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