IFA consolidator Perspective Financial Group has reached £1bn of funds under advisory and management after acquiring its 14th adviser group Chessman & Partners.
The second acquisition of 2010 for Perspective, the Buckinghamshire-based Chessman & Partners was established in 1980 and looks after over 6,000 clients. Chessman's business is split into two divisions, life and pensions and capital investment. Perspective says the group has a turnover of approximately £800,000 per annum - with funds under management of £150m and £250,000 of recurring income. Following the latest acquisition, Perspective's annualised turnover has risen to £12.5m and recurring income of £6.2m. "Bringing Chessman within the Group expands our geographical reach as we ...
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