View more on these topics

Perspective Financial Group acquires sixth firm this year

IFA consolidator Perspective Financial Group has acquired Applewood Wealth Management, completing its sixth acquisition of 2010.

Chester-based Applewood has two registered individuals and a total of 16 staff members. It has a turnover of approximately £1.7m a year, with funds under management of £90m.

PFG says it expects at least two further acquisitions before the end of the year. After the Applewood deal, PFG’s turnover increases to around £16m and funds under advisory and management are £1.3bn.

PFG managing director Damian Keeling says: “Our acquisition of Applewood Wealth Management is another sizeable and significant purchase for Perspective Financial Group.  It adds considerably to our Group turnover, funds under advisory and management, while boosting our overall recurring income. 

“The management team at Applewood have already built a profitable operation and a strong client bank within the Shropshire and Cheshire area and we believe the firm will be able to continue its growth and development with the help of the Perspective offering. It should now be clear to everyone within the IFA sector and beyond that we are building a substantial IFA Group proposition at Perspective and our ambitions in no way begin and end here.”

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    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

    Email: customerservices@moneymarketing.com