Perspective completes 23rd deal

PERSPECTIVE Financial Group, the Wilmslow-based consolidator of independent financial advice practices, has completed its 23rd acquisition following its purchase of Oxfordshire-based McGrath Rothbone.

McGrath Rathbone is based in Woodstock, Oxfordshire, It was set up in May 2003 by directors Peter McGrath and John Rathbone, who have now been joined on the company’s board by Perspective directors Phil Carr and Anthony Morrow. The company has seven staff and a turnover of £800k, with around £100m of funds under management.

Damian Keeling, managing director of Perspective Financial Group Ltd, said: “Our acquisition strategy continues to deliver in terms of bringing quality IFA firms within the Group structure.  

“The purchase of McGrath Rathbone adds considerable weight to our advice offering in the south of the country and, with this third acquisition of 2011, we take the number of group firms acquired since launch to 23.  

“Our expectation is to add three or four more firms to the Group during 2011. However, we are always interested in talking to those practice owners whose interests are aligned with our own and are looking to partner with one of the biggest advisory groups in the UK.”

McGrath Rathbone co-founder John Rathbone said that joining Perspective would help the firm to deal with upcoming regulatory issues.

“With this deal we have not only secured the future of the firm but we have also joined a forward-thinking group with a management team that can provide McGrath Rathbone with all it needs to improve our proposition and increase our business levels.”