Perspective acquires tenth IFA firm
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Perspective Financial Group has acquired Professional Investment Management Services.
The Kent-based IFA firm will continue to operate operates under its current name with directors Glynn Downton, Neil Brenchley and Kevin Mullins remaining in place to operate and develop the business.
Perspective managing director Damian Keeling says: “Our acquisition of PIMS shows Perspective’s continued focus on purchasing profitable IFA firms who add considerable weight to the overall group.
“We have also been looking to widen the geographical spread of firms acquired by Perspective and PIMS now provides us with a base for the group in Kent and the wider South East.”
Keeling says the firm now hopes to provide acquired firms with the financial backing to allow them to make their own local purchases.
Earlier this year Perspective announced a major refinancing package with Lloyds Banking Group which boosted its acquisition facility to £12.5m.
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