Foresight has continued to grow, even through the pandemic, and the acquisition of Platinum is another step in our ambitious growth plans. Over recent years it has become apparent that the ever-increasing level of regulation and compliance is leading to a smaller number of larger financial advisers, who are able to deal with this overhead more efficiently. Our acquisition of Platinum is a step to accelerate our growth, which means that we can provide our clients with an even better service and continue to develop our team.
Platinum SRI, based in Bury, Manchester, was founded in 2007 and specialises in socially responsible and ethical investments, a value that is becoming more commonplace when people are looking to invest. The deal will add £35m in assets under management and a further 160 clients to the Foresight group.
Simon Booth, Chief Executive of Cheshire-based Foresight Wealth Strategists, said: “We have worked with Platinum SRI over many years and admire their approach, particularly in regard to socially responsible and ethical investment choices for their clients. Their values closely match ours and it is for this reason it is a great acquisition. As we look ahead to the future of Foresight, we will continue to seek out further strategic acquisitions with companies who want to maintain the service for their clients, even after the sale of their business.”
Ray Boucher, Director of Platinum SRI, added: “Providing an ongoing service to my clients that is centred around their individual needs has always been the priority for my business. This focus has allowed me to develop strong client relationships, often allowing me to look after two or three generations of my clients. Foresight’s values as a financial planning firm very much align with my own and I am sure that I have made the right choice for my long-standing clients and the future of their financial planning.”