IFA consolidator Perspective Financial Group has acquired Gateshead-based adviser Vivienne Shepherd, and plans to integrate the practice into one of its existing Newcastle businesses, Rutherford Wilkinson.
The purchase means the consolidator has brought in another £22m in assets under management and one member of staff will join the new offices to "ensure ongoing continuity for clients". Owner-manager Vivienne Shepherd will de-authorise but remain involved in introducing clients to Rutherford Wilkinson over the next 12 months. Damian Keeling (pictured), managing director of Perspective, explained why the company had deviated from its usual strategy with the latest purchase. "Most of our acquisitions involve the IFA practice continuing to operate as normal however in this circumstance...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
