FTI Consulting handed Perspective Financial IPO brief

Perspective Financial Group, the UK-based financial advisory group, has appointed FTI Consulting to lead comms for its London float.

London IPO: Perspective Financial Group
London IPO: Perspective Financial Group

Perspective, among the top 15 financial advisory firms in the UK with more than £2.5bn of assets under management, announced this morning it is looking to raise £28m by floating on AIM.

FTI Consulting senior vice-president Ed Berry and senor consultant Tom Blackwell are leading the account.

Perspective was created in 2008 to take advantage of the ‘strategic opportunity’ presented by the implementation of the Retail Distribution Review, which came into effect at the start of this year.

The company explained: ‘RDR has seen a shift in the balance of power in the UK financial advice market away from the manufacturer of the financial product, with adviser remuneration now being determined by charging explicit agreed fees rather than commission paid by the provider.

‘This provides Perspective with a significant opportunity to increase margin through an enhanced service offering, while delivering a reduction to clients' total annual management charge.’

The company added that UK demographics, with an ageing population and reduction in defined benefit schemes, has resulted in increased opportunities for financial advisory firms as individuals are having to take responsibility for their own financial planning and pension provisions.

Before commenting please read our rules for commenting on articles.

If you see a comment you find offensive, you can flag it as inappropriate. In the top right-hand corner of an individual comment, you will see 'flag as inappropriate'. Clicking this prompts us to review the comment. For further information see our rules for commenting on articles.

comments powered by Disqus

Latest Articles

John Lewis to tell brand story with "tasteful" 150th anniversary celebrations

John Lewis to tell brand story with "tasteful" 150th anniversary celebrations

Department store John Lewis is to use its 150th anniversary this year to talk about its history, which "not enough people know about", according to director of communications Peter Cross.

Labour hires Obama election strategist David Axelrod to fight General Election

Labour hires Obama election strategist David Axelrod to fight General Election

The man who helped Barack Obama win the 2008 and 2012 US presidential elections is to work for Labour along with members of his team.

Sky adds Fever PR to its roster after splitting with Cake

Sky adds Fever PR to its roster after splitting with Cake

Pay-TV giant Sky has added Fever PR to its agency line-up for a wide-ranging brief covering products and services.

Max Clifford trial jury to continue deliberations after Easter break

Max Clifford trial jury to continue deliberations after Easter break

The jury in the trial of celebrity publicist Max Clifford has been sent home for Easter and will reconvene on Tuesday for further deliberations about its verdicts on 11 charges of indecent assault.

Home Office brings in Munro & Forster to campaign against FGM

Home Office brings in Munro & Forster to campaign against FGM

The Home Office has tasked Munro & Forster (M&F) with supporting its campaign to eradicate female genital mutilation (FGM) as part of a wider retained brief.