Perspective Group  

Perspective seals 10th acquisition with Essex wealth manager

Perspective seals 10th acquisition with Essex wealth manager
Chief executive of Perspective, Ian Wilkinson

Perspective Financial Group has completed its tenth acquisition so far this year, adding £70mn in assets with the purchase of Essex-based Goldwyns Wealth Management.

Ian Wilkinson, chief executive of Perspective, reiterated today (November 7) that the consolidator has its “biggest ever pipeline” of acquisitions - both big and small - over the next 18 months, pointing to the growing number of advice firms looking to either scale or retire their client books.

Perspective’s latest acquisition, Goldwyns, will bring 225 households as clients and a new office in South East Essex, taking the group’s overall office count to 23.

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Goldwyns has operated under The Whitechurch Network since 2004 and shares the same office as Goldwyns Chartered Accountants.

Directors Alan Harding and Paul Golding, who founded Goldwyns back in 1989, started looking at their succession plan years ago.

Harding and Golding said they have had “discussions with many potential acquirers”, but that Perspective stood out as a firm which is clear about the type of firm it wishes to acquire. 

“While our relationship with The Whitechurch Network has been excellent, they could not offer us a suitable way forward in terms of succession planning,” they said.

“We are pleased to be able to continue looking after our clients personally, while benefiting from the commercial and regulatory resources of a larger group.”

Goldwyns marks Perspective’s tenth acquisition of 2022.

Last month, the consolidator, which was founded back in 2007, added £70mn in assets under management with the purchase of three firms in the North, landing offices in Newcastle upon Tyne, Darlington and Dinnington along with 290 households as clients.

These deals follow on from April when Perspective bought Cambridgeshire-based adviser Ramsey Financial, adding £50mn in AUM.

A month prior to that, it bought a further four firms ranging in size from £10mn to £175mn Aum, taking its total number of acquisitions to 50 at the time.