View more on these topics

Perspective directors step down in shake-up

Perspective Financial Group will no longer pursue adviser acquisitions as part of a shake-up which has seen group operations director Peter Craddock and finance director Phil Carr leave the business.

Craddock remains in a consultancy role to help Perspective transition to new management. He has also been appointed to the Regulatory Decisions Committee, which hears appeals on enforcement and authorisation issues and reports to the FCA board.

He is expected to step down from his position on the Apfa board which he joined last March. 

In August Perspective postponed plans to raise £28m through a float on AIMMoney 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: “Since 2008, the group has completed over 30 acquisitions and is now 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.”

Plan Money director Peter Chadborn says: “It is a tricky time to be making IFA acquisitions. There are still too many unanswered questions about which business models will be successful so I can see why there is caution about continuing to pursue an acquisitive strategy.” 


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