Financial advisory group and consolidator Perspective Financial is seeking admission to float on the Alternative Investment Market (AIM) stock exchange in a move it says will raise gross proceeds of £28m.
The group, which now provides independent advice to some 84,000 private clients and about 500 corporate pension customers following more than 30 acquisitions, said it would use the capital to fund further buys, reduce costs and repay some existing bank debt.
Perspective influences more than £2.5bn of client assets and posted revenues of £20.5m in 2012.
Chief executive Damian Keeling [pictured] said: "We set up Perspective in 2008, specifically to take advantage of the opportunities in the UK financial advisory market, resulting from the recent introduction of the Retail Distribution Review.
"Since inception, Perspective has continually delivered strong profitable growth driven by our core acquisition and integration strategy and as the Group builds on this momentum, an IPO is the logical next step.
"We believe that Perspective offers investors a unique way to capitalise on these changes to the UK financial advisory market whilst the shifting demographics and the need for individuals to take responsibility for their own financial advice also supports our business model and future growth."
Shore Capital is acting as nominated advisor and broker.
All-day event on 24 April
Consequences could be more severe than in stress tests
AFH has six segregated mandate funds
Variable operating expenses