Perspective Financial Group Ltd, the national financial planning and wealth management Group, has acquired Thornton Springer Financial Services LLP, a financial services firm based in south-east London.
The acquisition gives Perspective its first London office, and expands its national network to 15 offices across the UK.
Thornton Springer Financial Services, based in Norwood, has been established for over 25 years. Originally part of the accountancy firm Thornton Springer LLP (which is not included in the deal), the firm became a separate LLP in 2006 and gained Chartered status in 2011. The firm will be re-named Perspective (Thornton Springer) Ltd.
This is Perspective’s third acquisition this year, with further acquisitions set to happen over the coming months.
Ian Wilkinson, Group Managing Director of Perspective Financial Group Ltd, said: “Establishing our first hub in London is a significant step and we are pleased to have a firm of the calibre of Thornton Springer joining the Group. We welcome Peter Weston, Andrew Walford and their staff to the team.
“Like them, we believe in delivering an outstanding personal service to clients from local offices. We can now provide additional support to them with our strong and professional central service functions including compliance, finance, marketing and HR, meaning advisers spend their time with their clients.”
Peter Weston, Partner at Thornton Springer Financial Services LLP said: “We have gotten to know Perspective and its management team well through this process, and it is clear that both our clients and the business will benefit from Perspective’s additional expertise and greater resources.
“We will continue to operate with the same team from the same premises, ensuring our combination of personal service, technology and competitive charging will continue. We are impressed with Perspective’s vision and pleased to be their first London office.”
Legal advice to Perspective was provided by DWF’s Manchester office, with Dow Schofield Watts in Warrington providing financial due diligence.