IFA consolidator Perspective acquires £26m client bank

The move will see the former Kingsworld clients come under the control of Equilibrium Wealth Management, based at Perspective's office in Marlborough. Kingsworld operated with funds under management of around £26m and a recurring income of £125,000 per annum. Kingsworld Walder was based in Gillingham under the control of managing director Jeffrey Martina, who has now retired. None of the firm's existing staff will transfer to Equilibrium. All of the Kingsworld's clients have been contacted and will be offered meetings with Equilibrium to make the transition as smooth as possible. ...