Perspective, the consolidation vehicle for IFAs, says it plans to have 30 groups under its umbrella by the end of 2011.
Since its launch in April last year, the company has acquired six firms and says it is in the midst of negotiations with two more. It says it is targeting "quality firms that are able to demonstrate strong recurring income and profitability levels".
As part of its mission statement for the next few years, Perspective says it is not focused on acquiring businesses based purely on turnover or adviser headcount as "neither of these are drivers of success".
It adds it wants to continue to build its customer-focused remuneration model and accelerate the dislocation from product provider to customer.
Perspective believes its core ambitions will help it attract those IFAs looking to keep control of their own affairs but also tap into "the enhanced service offering and collective buying power" a consolidation vehicle can offer.
Anthony Morrow, commercial director at Perspective, says: "What we are essentially doing is looking for businesses that are profitable and are looking to take their business to the next stage of progression.
"We are looking to continue making acquisitions over the next coming year and we are constantly in talks, however we are very much focused on buying the right businesses and not buying for buying's sake."
Morrow adds the company will also be looking to launch some new initiatives, products and services in Q2, which he says will add further benefits to the businesses that they acquire.IFAonline
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