IFA consolidator Perspective Financial Group is encouraging its firms to pursue chartered status as it believes the mark will represent the next step toward professionalism after RDR.
The Cheshire-based company, which has bought 17 firms since launch in 2008, says it now looks at potential acquisitions favourably if they are chartered, and says the status could have a positive effect on the purchase price. This is because it links purchase price multiples to risk and “it is likely that a chartered firm would be considered lower risk than a non-chartered firm”. “We encourage, and will continue to do so, all Perspective firms to work towards chartered status as we believe it will become increasingly beneficial to be able to demonstrate excellence in this way,” Perspe...
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