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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.”


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