McGrath Rathbone Ltd is based in Woodstock, Oxfordshire and was originally established in May 2003. It is run by directors Peter McGrath and John Rathbone, who are joined on the board by Perspective directors Phil Carr and Anthony Morrow who will act as company secretary.
The firm operates with a total of seven staff, including four registered individuals, and offers a full range of financial advice services. McGrath Rathbone has an annual turnover of £800k with approximately £100m of funds under management.
With the purchase of McGrath Rathbone Ltd Perspective takes the number of firms within the Group up to 23.
Damian Keeling, managing director of Perspective Financial Group Ltd, commented: “Our acquisition strategy continues to deliver in terms of bringing quality IFA firms within the Group structure.
“The purchase of McGrath Rathbone Ltd adds considerable weight to our advice offering in the south of the country and, with this third acquisition of 2011, we take the number of Group firms acquired since launch to 23.
“Our expectation is to add three or four more firms to the Group during 2011 however we are always interested in talking to those practice owners whose interests are aligned with our own and are looking to partner with one of the biggest advisory groups in the UK.”
John Rathbone, director of McGrath Rathbone Ltd, said: “Today marks an important step for McGrath Rathbone Ltd, all our staff and our clients. Becoming part of Perspective Financial Group offers us a great deal in terms of access to products and expertise, and to ensuring that the firm is ready for the regulatory changes ahead of us.
“With this deal we have not only secured the future of the firm but we have also joined a forward-thinking group with a management team that can provide McGrath Rathbone with all it needs to improve our proposition and increase our business levels. It is therefore an exciting time and we are looking forward to working closely with head office and our fellow Group firms in order to help strengthen our own practise and the Perspective brand in the months and years ahead.”
