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12 July 2011

National IFA group, Perspective Financial Group Ltd, has today (13th July 2011) announced it has passed ?2 billion funds under management following the recent acquisition of Oxfordshire-based IFA practice, McGrath Rathbone. At ?2.1 billion, funds under management have risen 30% since December 2010, in which period the group has acquired three firms. Perspective expects to make several further acquisitions before the end of the year. The Group has reached this level with a combination of acquisition and strong organic growth. It expects to continue to see further growth on both counts throughout 2011 and beyond. Over the past twelve months, Perspective has added a number of experienced personnel to its head office team in order to develop its range of resources and support. This commitment to improving and broadening the Group?s offering was highlighted in June with the appointment of Peter Craddock as Group Operations Director. Perspective?s head office team provides a range of support to its offices including compliance, accounting, systems and management information, and marketing. The Group is due to announce a strong set of results from its preliminary Financial Statement for the year ended 31st December 2010 later this month. Damian Keeling, Managing Director of Perspective Financial Group Ltd, commented; ?Breaking through the ?2 billion funds under management mark is another major milestone for Perspective and to have achieved this in a relatively short space of time is a considerable achievement for us. When we established the business back in 2008 we had some significant ambitions for Perspective and it is pleasing to have reached ?2 billion of FUM in just over three years. We are already one of the largest and most profitable IFA Groups in the country, and we plan to put further significant resources into our fund management strategy in order to improve the Group?s offering to its clients. ?We are particularly pleased in the level of organic growth in client assets which are increasing through the winning of new business and through solid performances in the existing client portfolios. We have ratcheted up the support we are now able to offer throughout the Group with a significant increase in personnel and technical resources. The benefits of this approach are now bearing fruit and we fully anticipate this continuing.? For more information on Perspective Financial Group Ltd, visit: www.pfgl.co.uk ENDS

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