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Categories:Advisers

Perspective acquires Gateshead-based IFA

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Perspective Financial Group has acquired Gateshead-based IFA practice, Vivienne Shepherd Limited.

The firm becomes part of Perspective’s Newcastle office, Rutherford Wilkinson. Vivienne Shepherd will remain as a trading style of the business.

Perspective says owner- manager Vivienne Shepherd will de-authorise but will remain involved by introducing clients from his firm to Rutherford Wilkinson over the next 12 months.

Owen McDowell of Vivienne Shepherd, which has £22m of assets under management, will join Rutherford Wilkinson as part of the deal.

Perspective now has £2bn of assets under management.

Perspective Financial Group managing director Damian Keeling says: “The purchase of Vivienne Shepherd Ltd kicks off our acquisition activity for 2012.  The Rutherford Wilkinson team in Newcastle has already successfully integrated other practices into their office with the recent acquisition of Walter Wright Financial Services.  Part of the Vivienne Shepherd deal is the transfer of Owen McDowell to Rutherford Wilkinson which ensures ongoing continuity for its clients. 

“Most of our acquisitions involve the IFA practice continuing to operate as normal however in this circumstance it made more sense for the firm to be integrated into our Newcastle hub.  This is due to the de-authorisation of Vivienne, the size of the practice and the proximity of the two businesses.”

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