Perspective Financial Group has bought a Darlington-based financial planner as it doubles down on an acquisition pipeline of more than 10 deals in the coming months.
The national financial planner and wealth manager bought Atkinson White Partnership as part of succession plans at the latter, with founders Simon Atkinson and Neil White set to retire.
The acquisition sees Perspective gain 500 clients and £130m of assets, in a move which bolsters the consolidator's total to £3.2bn.
The deal also marks Perspective's 39th acquisition since inception in 2008, and its fourth since it secured backing from private equity firm CBPE Capital at the end of 2019.
Ian Wilkinson, chief executive of Perspective Financial Group, said the company had an "extremely strong" acquisition pipeline and expected to complete more than 10 deals over the coming months.
Mr Wilkinson said: "This acquisition further strengthens our national network giving us an additional local office in the important Darlington, Teesside and North Yorkshire region.
"It is consistent with our overall growth strategy to open and develop new hub offices in carefully selected locations throughout the UK and acquire quality 'bolt on' client banks from retiring IFAs looking to exit the industry.
"We are inheriting a very capable team of advisers and administrators. As a new office location, we anticipate we will acquire a number of other retiring IFA’s within the area over the next 12-18 months."
Earlier this month Perspective acquired Corby-based Independent Life & Pensions in a move which added 440 clients and £120m of assets to the group.