CBPE is partnering with Perspective’s management who are all re-investing in the business. The size of CBPE’s investment has not been disclosed.
The company says that together CBPE and management will aim to accelerate Perspective’s expansion through organic growth and further acquisitions.
Ian Wilkinson, group managing director, Perspective said: “CBPE is the right partner for us as we enter the next stage of our development."
Since it was founded in 2008, Perspective has acquired 35 IFA firms, including four in 2019.
Perspective has 15 offices nationwide and 180 staff, including 55 advisers. It has a turnover of £17m, with £2.8bn of assets under management.
It provides ‘whole of market’ advice to 18,000 clients including “those of moderate means to ultra-high net worth individuals.” Its corporate clients include SMEs and larger companies.
It provides advice on pensions, retirement planning, inheritance tax planning, investments, group risk and business protection matters.
The company has its own in-house Training Academy and says its average adviser age is 10 years below the industry average.
CBPE has invested in a number of financial services firms including the IPOs of JTC (a global administration provider) in 2018 and Xafinity (UK corporate pensions consultancy) in 2017. CBPE’s current portfolio includes investments in Compre (run-off insurance) and Xceptor (technology for financial services).