View more on these topics

Perspective directors step down in shake-up

peter craddock

Peter Craddock has left his role as group operations director at IFA consolidator Perspective while finance director Phil Carr has also departed.

Craddock remains in a consultancy role to help with the transition period to a new management team.

Perspective says the requirements of its directors have changed as the firm is no longer focused on making acquisitions.

Craddock joined the firm in 2011 from Skipton Building Society where he was director of financial services and chairman of Skipton’s IFA business.

His role at Perspective saw him take overall responsibility for the firm’s operations. He joined the Apfa board last March. 

Carr previously worked in corporate finance at KPMG.

In August the firm postponed plans to float on AIM. It was originally seeking to raise £28m from the IPO.

Money Marketing understands the business was offered to private equity investors in 2012. 

The most recent accounts show the firm made a pre-tax loss of £1.45m in 2012.

Perspective Executive Chairman Paul Hogarth says: “The company has grown to be one of the largest and most profitable financial advisory groups in the country.

”Since formation in 2008, the Group has completed over 30 acquisitions and has now reached the point where it is a mature financial services business. It is now entering a period of consolidation during which the principal focus will no longer be on making acquisitions and so the requirements for the executive director roles have changed.

“We are grateful to Phil and Peter for their hard work and leadership in building the Group to its current strong state, and the new management team looks forward to developing it further.”


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm