Growing financial management company Perspective Financial Group has received a major investment from CBPE Capital.
The undisclosed investment has been made into the national wealth advisory firm, which has 15 offices and 180 members of staff across the 海角视频.
The firm’s biggest office is in Newcastle where it employs 50 staff, including 17 advisors.
Perspective has a turnover of £17m, has £2.8bn of assets under management, and advises 18,000 clients. Its clients include high net worth individuals, SMEs and large companies.
CBPE has made the investment in Perspective to allow the company to accelerate its expansion plans. The firm plans to grow organically but also intends to scale up through acquiring other companies.
Since it was founded in 2008 Perspective has acquired 35 IFA businesses, including four in 2019.
Perspective’s management have also reinvested in the business to fund its growth plans. The amount invested in Perspective, however, has not been divulged.
Richard Thompson, director at CBPE, said: “Perspective is a great business with a strong management team, robust compliance approach and a respected and increasingly high- profile brand.
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“We have been hugely impressed with the strength of the team, but also their absolute focus on the client. We believe this quality is key to the success of Perspective.
“We look forward to supporting management as they deliver on the strategy which combines a continued focus on providing high quality advice to their existing client base, growing organically and making selective acquisitions.”
Mr Thompson led the investment with support from Harry Hewlett, Oliver Walton and Ian Moore.
CBPE was advised by Zeus Capital, Mayer Brown, PwC, LEK, AJ Gallagher, and Interchnica.
Ian Wilkinson, Perspective’s group managing director, said: “CBPE is the right partner for us as we enter the next stage of our development. They have a proven track record in the financial services space and have helped build some great companies.
“In CBPE we have found a partner that will help us accelerate our growth strategy. We are excited about working together to expand the business and continuing to deliver a quality service to current and new clients.”
Alongside its biggest office in the North East, Perspective has offices in Bradford, Braintree, Chesham, Chester, Chorley, Eastbourne, Maidstone, Marlborough, Milton Keynes, Newcastle under Lyme, Oswestry, Sheffield, Upper Norwood in south east London and Woodstock.