The Perspective Financial Group, headquartered in Wilmslow, Cheshire, will continue to acquire and consolidate independent financial advisory (IFA) firms in the UK through its newly secured funding deal.
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Perspective bought several small-scale operations in 2011 and clearly intended to pursue that strategy in 2012. The company now has 20 offices nationwide and just over 220 employees.
The company’s bosses welcomed the £3.5 million funding boost secured through Lloyds’ Wholesale Banking and Markets unit in Manchester. They said the cash will support organic growth and acquisitions.
Managing director Damian Keeling noted that 2012 looks to be a crucial year for the IFA industry in the UK, given the significant regulatory changes introduced by the Financial Services Authority at the beginning of next year.
“The continued commitment from Lloyds with this new facility is a further vote of confidence in what we are achieving here at Perspective,” said Keeling.“We presented a three-year business plan to the bank, and its strategic debt team has developed a strong funding package.”
Noel Stubley, a director at Lloyds Wholesale’s Manchester offices, said: “This year will mark a turning point for the IFA sector, and Perspective is well placed to overcome the challenges facing the industry and flourish.”
He described the Cheshire-based financial services firm as having a “highly positive trajectory” and said Lloyds remains committed to helping good businesses in the northwest grow their operations.
Editor’s notes: As of June 2024, Perspective Financial Group Limited (PFGL) was no longer headquartered in Wilmslow but had two offices in the northwest in Chorley and Warrington.
At that time, it had over 30 financial advice firms under its parentage with offices across the UK.