Financial advisory group and consolidator Perspective Financial is seeking admission to float on the Alternative Investment Market (AIM) stock exchange in a move it says will raise gross proceeds of £28m.
Peter Craddock, the group operations director at Perspective Financial Group, has been appointed to the board of the Association of Professional Financial Advisers (APFA).
National advisory group Perspective has set up a new operational board and promoted several key individuals.
The Association for Professional Financial Advisers (APFA) is well placed to represent the industry now it has overcome the "red herring" issue of independence versus restricted, said one national director.
A Chorley-based branch of national advisory group Perspective Financial has agreed to offer financial advice to members of Chorley Building Society.
Cheshire-based financial advisory group Perspective is understood to have put itself up for sale ahead of the Retail Distribution Review (RDR).
An accounting write-down and the after effects of previous acquisitions resulted in a £1.9m pre-tax loss for Perspective Financial Group in 2011, although the consolidator's revenues were up 56%.