Fairstone announce appointment of two Divisional Directors to drive growth

Fairstone, one of the UK’s fastest growing wealth advisory firms, has made two further senior appointments to support the group’s growth ambitions.

Highly experienced financial services professionals Peter Donaldson and Tean Hatt both join Fairstone as Group Divisional Directors and will play a key role in supporting firms acquired by the business to grow and increase profitability and efficiency.

Fairstone’s unique Downstream Buy Out (DBO) acquisition model is a truly differentiated proposition within the wealth management sector and enables IFA firm principals to unlock five layers of ongoing opportunities to create long term value, both pre and post acquisition. This unique approach provides the potential for firms to effectively double the market value of their business.

The two new hires will further strengthen Fairstone’s national team, who work with firms after acquisition, to continue to drive and support sustainable organic growth and maintain the momentum built up during integration.

Chartered financial planner and Fellow Peter Donaldson has over 33 years’ financial services experience in area and regional management roles. Peter spent the last 17 years at HSBC in retail and commercial financial planning positions and leading roles in wealth strategic transformation. He takes up the role of Group Divisional Director North and Scotland.

Peter said:“I am passionate about wealth management and when the opportunity came up to join Fairstone, I saw it as a great opportunity to work for a respected business whose values and behaviours aligned with mine.

“It’s really exciting to be working for a company that is growing while also supporting businesses who are acquired by Fairstone to further develop and grow too.”

Meanwhile Tean Hatt, a Chartered financial adviser with over 25 years’ industry experience in financial services, which includes 15 years at Hargreaves Lansdown, joins as Group Divisional Director for Midlands and East.

Tean said:“Fairstone is clearly a business that is growing and becoming a leading firm within the sector and the business model and proposition at Fairstone really appealed to me.

“Fairstone’s proposition speaks for itself in that it factors in growth for businesses joining the firm at every stage, and I’m excited to play a part in supporting that growth after a firm has been acquired.”

Fairstone Managing Director (National) Mike Slater added: “I am delighted to welcome Peter and Tean to the team – they both have considerable industry experience as well as the drive to support our strategy of growth.”

Interested in becoming part of the Fairstone family?

To find out more about how our unique acquisition model could work for you and your organisation, speak to a member of our M&A team today.