May 14, 2019 @ 9:46 by Steven Hugill
Perspective Financial Group has opened its first London office.
The firm has acquired Thornton Springer Financial Services LLP, a South East London-based financial planning and wealth management company.
The acquisition gives Perspective a hub in the capital for the first time and expands its national network to 15 offices across the UK, which includes a site in Seaton Burn, Newcastle.
The deal is Perspective’s third acquisition this year and its 34th since it was founded in 2008.
Ian Wilkinson, group managing director, said: “Establishing our first hub in London is a significant step.
“We are pleased to have a firm of the calibre of Thornton Springer joining the group.
“Like them, we believe in delivering an outstanding personal service to clients from local offices. We can now provide additional support to them with our strong and professional central service functions, including compliance, finance, marketing and HR, meaning advisers spend their time with their clients.”
Thornton Springer Financial Services has been established for over 25 years. Originally part of the accountancy firm Thornton Springer LLP – which is not included in the deal – the firm became a separate LLP in 2006 and gained Chartered status in 2011.
It advises a wide range of private clients and businesses in the South East London area and will be re-named Perspective (Thornton Springer) Ltd.
Peter Weston, partner at Thornton Springer Financial Services LLP, said: “We have got to know Perspective and its management team well through this process, and it is clear both our clients and the business will benefit from Perspective’s additional expertise and greater resources.
“We are impressed with Perspective’s vision and pleased to be their first London office.”