Perspective Financial Group expands with Ramsey Financial deal

A financial planning and wealth management company running its major office from the North East has refused to rule out further expansion after completing a takeover.

Newcastle-based Perspective Financial Group has bought Cambridgeshire’s Ramsey Financial.

The company, based in Huntingdon, has £50 million worth of assets under management and 330 households as clients.

The deal for Ramsey – founded by Russell Palmer and his wife Jane in 2007 – marks Perspective’s 51st acquisition since the group was founded in 2008.

Under the agreement, both Russell and Jane will remain with the business, while its Cambridgeshire office will also be retained.

Ian Wilkinson, chief executive at Perspective [pictured above], which also has an office in Darlington, said: “This reinforces our appeal to smaller, high-quality firms, such as Russell and Jane’s, who demonstrably share our client-centric values.

“We offer an attractive route forward, so they can continue to develop their business while having the reassurance of a clear, sustainable succession plan when they are ready to retire for both them and their clients.

“We continue to seek more good acquisition opportunities and have a very full pipeline for 2022 and into 2023.”

Russell, a Chartered financial planner, added: “We decided the best solution for our clients, and for us, was to seek a merger with a larger partner who could take many of the pressures of running the business off our shoulders, as well as providing a guarantee of continuity for clients when we make our decision to retire.

“We are delighted to become part of Perspective, and it’s clear they fully share our ethos, ethics and client-focused approach.”