January 28, 2019 @ 14:22 by Richard Dawson
Perspective Financial Group Ltd has today announced the acquisition of Newcastle-based IFA practice, Galloway Whitfield (Life & Pensions) Ltd.
Galloway Whitfield (Life & Pensions) Ltd was established in 1985 and run by Managing Director, Alan Galloway. The firm will become part of Perspective’s Newcastle upon Tyne-based North East office.
Alan will continue to work with Perspective for an initial term to ensure a smooth transition for clients, prior to his eventual retirement. Galloway Whitfield’s financial adviser, Julie Hunter, has also transferred to Perspective and will continue to advise existing and new clients at Perspective.
The firm has an annual turnover in excess of £300,000 with funds under management of £50 million and strong recurring income. It delivers specialised financial services to individuals and businesses throughout North East England, including many family businesses and SMEs.
This is Perspective’s 32nd acquisition since 2008. Perspective has a further two deals due to complete in the coming months, and anticipates completing a further three acquisitions during 2019.
Ian Wilkinson, Group Practice Director of Perspective Financial Group Ltd, commented:
“This is another significant acquisition for Perspective of a high quality, well-respected IFA firm which will further strengthen our presence in North East England. We were particularly impressed by the quality and longevity of the client relationships that Alan has established over many years.
Alan Galloway, Founder and Managing Director of Galloway Whitfield (Life & Pensions) Ltd commented:
“Over the last three years, I have considered very carefully how best to ensure my clients continue to receive the highest quality of advice and service when the time was right for me to retire.
“In the end, it was a comfortable decision for my firm to become part of Perspective Financial Group, a view which has been reinforced by spending the last 12 months working closely with them. The Group, management and staff all consistently share the highest professional standards and a genuine commitment to a quality of client service similar to my own.
“It was very important to me that my loyal colleague of 33 years, Julie Hunter, will also become a member of the Perspective team and I know she is looking forward to this.”
For more information on Perspective Financial Group Ltd, visit: www.pfgl.co.uk