Based in Lincoln in east-central England, MWM has approximately £20 million (£32.3 million) in funds under management and with its acquisition PFG’s funds under advisory and management have been boosted to around £500 million. In addition, MWM brings a long-standing agreement with McGregors Corporate Group, a business services firm which has offices in Lincoln, Derby, Nottingham, Mansfield and Birmingham.

As with PFG’s previous acquisitions, MWM will continue to operate under its current name, with the firm’s existing management team remaining in role.

“At a time when many other consolidators are retreating from the market, we at Perspective continue to recognise the opportunities that exist for both individual firms and ourselves, and we therefore continue to seek quality IFAs, such as MWM, that share our values and ethos in terms of the provision of quality advice,” said Damian Keeling, managing director of PFG.

“MWM already has a strong relationship with McGregors Corporate and by becoming part of the Perspective Group, and taking advantage of the range of services we can offer, it will be now be able to develop, grow and meet its stated ambitions for the months and years ahead.”

In June PFG acquired Multiplex Financial Trustees, a Cheshire-based advisory firm specialising in wealth management, corporate healthcare and pension planning. The firm also offers a separate specialist advisory service for clients involved in high value personal injury and clinical negligence settlements.

PFG, which was launched in April 2008, also includes companies in Milton Keynes, Cambridge, Harrogate, Otley, Newcastle and Wilmslow under its brand.