Fast growing wealth manager and Financial Planner Perspective Group has acquired three financial advice firms, adding a total of £515m in Assets Under Management.
Perspective has acquired:
- HNH Financial Services Ltd in Huddersfield
- Gould Financial Planning Ltd in Cardiff
- Financial Choices IFA Ltd in Whitstable.
Perspective says the deals create two new office locations for the group – Huddersfield and Cardiff – taking its total number of offices to 26.
The firm says it has also exchanged contracts on a further 11 deals to be completed in the coming months as it continues its rapid acquisition strategy.
The company has a pipeline of acquisitions and expects several more completed deals during 2023.
Brothers Mansel and Tim Hutton, directors of HNH Financial Services, said: “Since Haxton Nichols Hutton was established nearly 40 years ago in 1984, becoming HNH in 2007, we have continued to increase our loyal client base, due to recommendations from existing clients and professional connections for which we are immensely grateful.
“Our attention has naturally been drawn towards the future of our business and we decided the best solution for our clients and our staff was to seek a merger with a larger partner who could provide access to the additional support we require, and assistance with the increasing regulatory burden.
“It was really important we had great trust in the firm we were joining. Perspective will provide long term security to the provision of financial advice for our clients, and a commitment to maintaining and growing our office in Huddersfield.”
Simon Gould, director, Gould Financial Planning, said: “With me in my seventies and Andy Gait in his mid-fifties, the long-term future of our business, including the continued provision of advice to clients and future opportunities for staff, was a key priority.
“This move gives us confidence and peace of mind that our clients will always be advised by some of the most talented and professionally qualified Financial Planners. Whilst I am finally retiring, Andy together with the rest of our team will transfer to Perspective.”
Financial Choices, founded by Kevin Bodle in 2006 and who is retiring, will become part of Perspective’s existing office in Maidstone.
Ian Wilkinson, chief executive of Perspective said: “We are delighted that HNH, Gould and Financial Choices chose to become part of us. These deals add a further 760 households as clients and £515 million in AUM. We welcome Mansel, Tim, Andy, Hollie and their teams to the group and very much look forward to opening new offices in Huddersfield and Cardiff.
“We have our biggest ever pipeline of acquisitions, both large and small, and relish the opportunity to grow further at scale and pace.”
