Perspective Financial Group has made its 18th acquisition – Applewood Wealth Management.

The acquisition of Applewood Wealth Management is the sixth of 2010 by Perspective with the expectation that at least two further purchases will be made before the end of the year.

Oswestry and Chester-based Applewood becomes one of the larger firms to join Perspective with two registered individuals and a total of 16 staff members. The firm was established in 1992 and is run and owned by Managing Director, Karl Hartey and Director, Gillian Cowling.

The firm has a turnover of approximately £1.7 million per annum, with funds under management of £90 million and £800,000 of recurring income.

With these acquisitions Perspective’s annualised turnover increases to approximately £16 million, funds under advisory and management are £1.3 billion with recurring income now £8 million.

Damian Keeling, managing director of Perspective Financial Group Ltd, said: “Our acquisition of Applewood Wealth Management is another sizeable and significant purchase for Perspective Financial Group. It adds considerably to our Group turnover