Perspective Financial Group has bought Sheffield-based Whittington Goddard Associates and Surrey-based Copthorne Financial Services for undisclosed sums.
The deals will add approximately £185mn in assets under advice and 530 households as clients to Perspective.
Whittington Goddard Associates was founded in 2003 and will now be known as Perspective (Whittington Goddard).
Co-founder Richard Whittington, said: “We decided to join Perspective following a number of meetings with members of the board and senior management team.
“It was obvious that they shared our commitment to providing focussed face to face advice and this gave us confidence that our clients will be well served long into the future.”
Second firm
The second firm purchased by Perspective, Copthrone Financial Services, will have its clients predominantly served by Perspective’s nearby office in Chesham, Buckinghamshire.
While other clients will be served by Perspective offices in other locations dependent on what is closer and more convenient for the client.
Director of Copthorne Financial Services, Nick Blackford said: “I have been reviewing my ‘life plan’ over the last few years and wanted to make sure that my staff and clients would be looked after when I decided to retire from the financial services profession.
“It was important to me to find an acquirer who had the same professionalism, continuous service to clients, same culture, ethos and ethics as myself.
“I carried out a thorough search to identify the best long-term partner who shares my personal values and standards of client service and professionalism.
“When I met with Perspective, they provided me with the confidence that they would meet all of my criteria and provide my staff and clients with the best place for their long term future needs and requirements.”
These deals take the total number of acquisitions made by Perspective this year to 11 and 89 since the Group’s inception 16 years ago.
Earlier this year, (February 2024), Perspective secured investment from US-based private equity firm Charlesbank Capital Partners.
The firm confirmed it hoped to announce further acquisitions in the coming months.
alina.khan@ft.com
