The Wilmslow-based consolidator has acquired Chessman & Partners, an IFA operation based in Chesham, Buckinghamshire bringing the number of individual practices within the Group to 14. Group funds under management have now reached the £1 billion level.
Chessman & Partners was established in 1980 and looks after over 6,000 clients. Currently a partnership, but continuing as a limited company, the directors are Mike Baughan, Keith Jamson and Mike McDonnell. The business is split into two teams covering Life & Pensions and Capital Investment. Chessman provides a comprehensive investment and life insurance service for individuals, families, partnerships and companies which covers capital investment, pension planning, life assurance, income protection, mortgages, long-term care and inheritance tax planning.
The firm has a turnover of approximately £800k per annum, with funds under management of £150m and £250k of recurring income.
With this latest acquisition, Perspective’s annualised turnover has been boosted to £12.5 million, funds under advisory and management are increased to over £1,000 million, with a recurring income of £6.2 million.
