Financial group makes trio of acquisitions across North East, Yorkshire and Midlands

Lancashire based Perspective Financial Group Ltd has announced three acquisitions which will bolster its offices in Newcastle upon Tyne, Darlington and Dinnington, near Sheffield.

The first acquisition is of Esk Valley Financial Services Ltd in Redcar on a trade and asset basis. Founded by Paul Gatenby in 2002, the firm has 150 households as clients and £30m AUM with a client bank predominantly comprising rural and farming clients stretching from Whitby to Guisborough. Paul is retiring from the industry.

The second acquisition sees Jeff Thurlbeck joining Perspective as a financial planner, bringing across 100 households as clients and £20m AUM. Previously self-employed and part of another firm, Jeff’s client base is focused on the Barnard Castle and Richmond areas of County Durham and North Yorkshire.

The third acquisition is of Paul J Flynn Ltd based in Tuxford near Newark, Nottinghamshire sees 40 households as clients and £20m AUM becoming part of Perspective. The firm was previously part of the Quilter network and Paul Flynn is retiring, A number of clients will be served by one of Perspective’s offices in the south, more local to where they now live.

In total, these acquisitions add 290 households as clients and £70m AUM to Perspective.

Ian Wilkinson, chief executive officer of Perspective, commented: “This latest trio of acquisitions demonstrates our strong appeal to small, high quality firms and individuals, where we offer an excellent future for the client banks they have carefully built and cherished over several years.

“We’re delighted both retiring advisers and those wishing to continue practising but wanting to spend their time providing advice to clients rather than running their business, see the appeal of becoming part of Perspective.

“Our ability to combine the benefits of local offices with the strengths of a national firm, including succession planning and regulatory expertise, remains very attractive to vendors. We have our biggest ever pipeline of acquisitions both large and small over the next 18 months and relish the opportunity to grow Perspective at scale and pace.”

Commenting on becoming part of Perspective, Paul Gatenby added: “It was vital for me to find a firm that shared the same values as my own and Perspective does just that. Based on my experience from the initial meeting with Ian and his team in 2021, and the subsequent due diligence process, I know I can enter retirement with peace of mind.”

By Matthew Neville – Correspondent, Bdaily

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