Perspective seeks to raise £28m with AIM float

Financial adviser and consolidator Perspective Financial has unveiled plans to float on the Alternative Investment Market (AIM) in a move to raise £28m.

The group, which now provides independent advice to some 84,000 private clients and around 500 corporate pension customers following more than 30 acquisitions, said it would use the capital to fund further buys, reduce costs and repay some existing bank debt. Perspective influences more than £2.5bn of client assets and posted revenues of £20.5m in 2012. Chief executive Damian Keeling [pictured] said: "We set up Perspective in 2008, specifically to take advantage of the opportunities in the UK financial advisory market, resulting from the recent introduction of the Retail Distribution ...