Perspective makes 20th acquisition with Leedham IFA

Perspective Financial Group has made its 20th acquisition with the purchase of Leedham Independent Financial Advisers.

The family-run IFA has two registered individuals and eight staff in total and brings with it an annual turnover of over £700,000, with funds under management of approximately £5m.

The acquisition, completed at the end of 2010, brings Perspective's total annualised turnover to over £17m, funds under advisory and management above £1.3bn and recurring income of almost £9m.

Damian Keeling, MD of Perspective, says Leedham's Chartered status shows its commitment to the provision of quality advice while its established business connections with local accountants and solicitor firms means it has strong levels of referrals.

He adds: "Our business pipeline is strong as we move into 2011 and we anticipate adding a further 10 IFA firms to the group over the next 12 months. This will take total group firm numbers up to 30.

"We added significantly in terms of staff and expertise last year and our funding lines are in place to achieve this ambition.

"The acquisition team are already in the latter stages of deals with a number of IFA practice owners which means we are likely to be announcing new members of the group over the next couple of months."

Perspective's Phil Carr and Anthony Morrow will join the board of Leedham alongside the firm's three existing directors, Barry Leedham, Sue Leedham and Andrew Leedham.