Perspective acquires PIMS

PIMS becomes the tenth firm to be brought under the Perspective umbrella since the Group was launched in April 2008. The IFA firm is based in Maidstone, Kent and operates with a turnover of £1 million with a recurring income of approximately £500k.

PIMS was established in 1987 and is operated by its three directors, Glynn Downton, Neil Brenchley and Kevin Mullins, who between them have over 100 years’ combined experience in the financial services industry. The practice is a well-established profitable firm advising on all aspects of Savings, Investments, Pensions and Mortgages.

PIMS has deep roots in the Kent business community with the majority of its clients being introduced by local chartered accountants and solicitors. The firm will continue to operate under its current name with the three directors remaining in place to operate and develop the business.

Earlier this year Perspective announced a major refinancing package with Lloyds Banking Group which boosted its acquisition facility to £12.5 million.