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Business & Economy

Financial planning firm Perspective eyes further growth after takeovers

A financial planning and wealth management firm has vowed to continue expanding after completing three takeovers.

Perspective Financial Group says it will “grow at scale and pace” following deals for Hexham’s AYP Financial Planning, an undisclosed North East operator and Buckinghamshire’s Prosperity (GB).

The agreements add 1000 households and £250 million of assets under management to Perspective’s books.

They follow a number of buyouts completed earlier this year, with Perspective now operating more than 30 UK-wide offices and employing 450 staff.

But bosses at the firm, which has offices in Newcastle and Darlington, say it will expand yet further, with seven additional agreements set to be finalised over the coming months.

Ian Wilkinson, chief executive [pictured, above], said: “We are delighted these firms have chosen to become part of us.

“Our pipeline remains extremely strong, and continues to grow month on month.

“We are meeting both large and small firms, and we plan to continue to grow at scale and pace with our highly selective acquisition strategy.”

He added: “We have a culture of putting clients at the centre of our decision-making process to ensure we always deliver good outcomes.

“We always put ourselves in clients’ shoes.”

Explaining the decision to join Perspective, Kim Alexandra, AYP Financial Planning’s founder and director, highlighted the “long-term security to the provision of financial advice, career security and greater opportunity” for staff provided by the deal.

She added: “I established AYP almost 20 years ago to offer a top quality independent financial planning service for women.

“Since then, we have evolved and have experienced tremendous growth.

“I will continue to look after clients old and new, and am very pleased the whole team is transferring to Perspective.”