Perspective Financial Group has acquired Professional Investment Management Services (PIMS) for an undisclosed sum.

Perspective Financial Group has acquired Professional Investment Management Services (PIMS) for an undisclosed sum.

The deal is Perspective’s tenth since the group, which aims to acquire independent financial adviser (IFA) firms, was established in April 2008.

Kent-based PIMS specialises in investments and mortgages advice and generated a turnover of £1 million in 2008. According to Perspective, the company will now be able to make its own acquisitions.

Perspective managing director Damian Keeling said: ‘It is our aim to provide acquired firms with the financial backing to allow them to make their own local purchases and we hope to bring a number of new firms under our umbrella using this method.’

The company will retain its brand and directors Glynn Downton, Neil Brenchley and Kevin Mullins will remain in place.