Perspective Financial Group Announces Completion of New Investment from Charlesbank Capital Partners

Chorley, UK and Boston, MA, May 8, 2024 – Perspective Financial Group Ltd (‘Perspective’ or the ‘Group’) announced today that Charlesbank Capital Partners (‘Charlesbank’) has completed its previously announced investment in Perspective, following receipt of regulatory approval from the Financial Conduct Authority. Charlesbank is a US-based firm that originally oversaw private equity investments inside the Harvard University endowment and became independent in 1998. The management team remains significant shareholders alongside Charlesbank.

Founded in 2008, Perspective is a leading independent financial adviser (‘IFA’) firm with approximately £8.0 billion in Assets Under Advice. The business has experienced significant growth, and today has approximately 535 staff, including 145 financial planners, operating out of the Group’s nearly 40 offices across the United Kingdom.

“We are excited to welcome Charlesbank’s investment and believe that it will further strengthen our position as the UK’s premier client-centric financial planning firm,” said Ian Wilkinson, Chief Executive Officer at Perspective. “Charlesbank shares our vision of delivering superior value and service for clients, and we are confident that our partnership will enable Perspective to add scale and resources that will result in greater opportunities for our employees, an overall reduction in the TERs paid by our clients, and an enhanced client experience.”

Terms of the investment remain confidential. Clients will not experience any changes to the way in which they are serviced or charged as a result of the transaction.