Consolidation vehicle Perspective Financial Group has acquired North West-based Applewood Wealth Management.
Chester and Oswestry-based Applewood becomes the 18th practice Perspective has acquired and, with two registered individuals and 16 staff members, is one of the larger firms to join the consolidator. "This is another sizeable and significant purchase for Perspective," managing director Damian Keeling says. "It adds considerably to our group turnover, funds under advisory and management, while boosting our overall recurring income." Applewood, established in 1992, has a turnover of approximately £1.7m per annum, with funds under management of £90m and £800k of recurring income. It h...
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