Perspective Group  

Perspective buys north west-based IFA

Perspective buys north west-based IFA

National advice consolidator Perspective Financial Group has acquired north west-based IFA Investment Principles in its second deal of the year. 

The acquisition is Perspective's 33rd since the group was founded in 2008 and follows the purchase of Newcastle-based IFA Galloway and Whitfield last month

The group is expected to make further acquisitions in the coming months, as it looks to bolster its existing advice offering from 14 offices across the UK. 

Investment Principles is to become part of Perspective's operation in the west of the country with its founder, Kathy Richards, to stay on as a consultant to support the transition. 

Ian Wilkinson, group practice director of Perspective Financial Group, said: "This is another good acquisition for Perspective of a high quality, well-respected IFA firm which further builds our presence in north west England, an area of strength for the group where we already have a significant client base which we are keen to build further." 

Mr Wilkinson said his company would continue to look at "similar high quality" acquisition opportunities across the UK. 

Kathy Richards, founder and director of Investment Principles, said: "I have known the senior team at Perspective for many years and have the greatest respect for their abilities and everything they have achieved over the last 10 years.

"The way the Perspective team have handled the acquisition process gives me even greater reassurance that my clients will be very well looked after.

"Being part of a larger group means my clients will benefit from continuity of advice and having access to a number of expert advisers within the group."

rachel.addison@ft.com