in addition, TCS Life and Pensions & The MGroup Financial Services has 175 clients and £58mn Aum. This firm will now become part of Perspective’s existing office in Woodstock.
John Burrill and Richard Hall, directors at the firm, said: “We had several objectives when we began investigating our options for a possible merger or sale, which included looking for a ‘partner’ that would enable us to take all aspects of our business forward, including succession planning and a recognition of economies of scale. With their national network of offices, some of our far-flung clients can now more easily be seen face to face."
Andrew Whitehouse, a financial adviser moving over 35 clients and £10mn Aum, added: “I was introduced to Perspective at exactly the right time. Their values, approach to client service and people are exactly what I was seeking. I am very comfortable with handing over responsibility for looking after all my clients to their existing office in Maidstone.”
Elsewhere, Perspective announced it has appointed Kristian Murphy as senior compliance manager.
Murphy joins from EY and has relocated to Perspective’s largest office in Newcastle upon Tyne.
He said: “When I decided to move from consultancy into industry, it was important for me to join an ambitious firm which genuinely puts its clients’ best interests first, but also had the depth of knowledge and expertise required to deliver.
“It was clear from early on in my discussions with Perspective that this was the case and that I’d be a good fit culturally. Since joining, I have been incredibly impressed with not only the quality of the people within the team, but also the strategy and operational set up of our acquisitions process. I believe we are set up for success and are in a strong position to acquire at pace.”
These four deals take the total of this year to five but follow on from an active 2021 for Perspective in the M&A market.
In November, Perspective bought Kent-based St Lawrence Investment & Pension Solutions in its eighth deal of the year, alongside two senior hires.
In August, Perspective bought Wiltshire-based Avon Financial Advisers which followed a series of purchases by the group the previous month in Warrington, Sevenoaks, Burford and Bury.
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