Acquisitive Financial Planning firm Perspective Financial Group has made its 12th acquisition of 2022 with a deal to buy £115m AUM Staffs IFA firm Hunter & Co.

Perspective revealed today it has also exchanged terms on four further acquisitions awaiting Financial Conduct Authority approval.

Hunter & Co is based in based in Burntwood, Staffordshire and was established in the mid-1990s. It has 390 households as clients with £115million in Assets Under Management.

The firm advises clients throughout Shropshire, Staffordshire, the West Midlands and Warwickshire.

The two directors of Hunter & Co, Scott Flemings and Steve Bennett, will continue to head the office in Burntwood which will now be known as Perspective (Staffordshire). All existing staff will be retained.

Scott Flemings and Steve Bennett, directors of Hunter & Co (IFA) Ltd said: “Our firm has a particularly loyal client base with many relationships going back over 30 years. With Perspective’s help and resources, we are excited to embark on the next stage of growth and development for the office.

Ian Wilkinson, chief executive officer of Perspective said: “We are delighted that Scott Flemings and Steve Bennett chose to become part of us and welcome their team to the group.

“2022 has been an outstanding year for us, completing 12 acquisitions, one every month. In total, we have added seven new offices, nearly 3,000 households as clients and over £800 million AUM.

“We have very strong momentum with four further acquisitions planned to complete in early 2023, once FCA approval is received. This is on top of our biggest ever pipeline of acquisitions, both large and small. We relish the opportunity to grow further at scale and pace.”

• In other acquisitions announced today, Kingswood has acquired Barry Fleming and Partners, based in Berkshire for £6.2m. The firm has a 47 year history a looks after more than 415 clients with over £140m AUA. In the year ending 28 February 2022, Barry Fleming & Partners generated revenue of £1.4m and profit before tax of £190k. Meanwhile, Fairstone has acquired Sabre Financial of Devon, adding more than £200m in FUM to the group. Established in 1997, Sabre Financial adds nine advisers and staff to the group as well as more than 800 clients and more than £200m FUM.