A team from the firm have advised the shareholders of Cardiff based, Gould Financial Planning Limited on the sale of the entire issued share capital to Perspective Financial Group.
“We’ve been working with the Shareholders of Gould Financial Planning Limited for a number of months and are delighted to see this successful sale through to completion. The transaction will create a presence for the Perspective Financial Group in south Wales, the Company will continue to trade under the name Perspective (Gould Financial Planning) Ltd and we wish them all the best for the future.” Dan Bisby, Partner (Corporate).
Dan Bisby, assisted on the transaction with Alex Aitken, solicitor (Corporate) and Annie Gray, partner (Employment).
Perspective Financial Group have also expanded with a further two deals being announced. The other acquired firms are HNH Financial Services Ltd (HNH) in Huddersfield (of which Schofield Sweeney were also involved in part) and Financial Choices IFA Ltd in Whitstable.
Gould Financial Planning director Simon Gould said his decision to sell into Perspective was driven by the age of both himself and his co-director Andy Gait and the need to make a decision around succession.
While he will retire at the point of the acquisition, Gait will remain with the firm.
Simon added: “With me in my 70s and Andy Gait in his mid-fifties, the long-term future of our business, including the continued provision of advice to clients and future opportunities for staff, was a key priority.
“This move gives us confidence and peace of mind that our clients will always be advised by some of the most talented and professionally qualified financial planners. Perspective’s scale and excellent reputation means it attracts, develops and retains some of the best people.”
Perspective chief executive Ian Wilkinson said the acquisitions add a further 760 households of clients to his firm’s umbrella, along with £515m in assets.