Consolidator Perspective Financial Group has purchased two more advisory practices acquisitions, bringing its total number of acquisitions to 30.
It has bought Newcastle Under Lyme-based Ad Valorem Wealth Management (now to be renamed as Ad Valorem Wealth Management Solutions), which has three advisers, with funds under management of £150m and recurring income of £600,000 per year.
The second acquisition, Bristol-based Falcon Pensions & Investments, will change its name to Key Pensions & Investments, with its sole adviser bringing £50m funds under management and recurring income of £220,000 per year.
Damian Keeling, managing director of Perspective, said: "We do not expect this to be the end of our acquisitions this year and indeed are in talks with a number of other firms who are looking to join the group.
"However, acquisitions represent only a small part of our overall business model which also focuses on working with our existing group offices and supporting them in their continued delivery of excellent advice, quality service and profitability."
The latest acquisitions mean Perspective now has more than 230 employees operating out of 23 offices, while assets under management are about £2.4bn.
It was set up in 2008, with backing from Mosaic Private Equity and Lloyds Banking Group.
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