The deal which builds on the group’s best ever six months of dealmaking brings around 275 clients, 4 advisers and 8 support staff to the wider business as well as gross annual fee income of £1.2m and funds under management of over £120m.
In addition, the onboarding of Allen Tomas adds to Fairstone’s already significant footprint in Norfolk and the South East and forms part of the group’s ongoing strategy to provide localised advice with a national level of service.
“We are delighted to welcome Allen Tomas & Co into our Downstream Buy Out programme. The team bring a first-class and modern approach to their work, centred around building quality long-term client relationships, making them an excellent fit.
“Fairstone’s market leading framework gives firms the platform and support they need to significantly grow their businesses, without compromising on client service or independence and we look forward to working with the team to help them to scale significantly within our unique DBO programme.”
Fairstone’s DBO offers future-facing IFA business owners an integration-first approach to acquisition. The model attracts future leaders with ambitious growth plans who are focussed on securing a higher overall value following integration.
“Partnering with Fairstone cements our place in the local community and naturally brings more security for all our clients, staff and professional connections. Their business provides the financial strength, compliance framework and stability a smaller firm like ours needs to grow and prosper within a sector that continues to face significant regulatory challenges.”
“What excites me about our partnership with Fairstone is the access to their specialist management systems, portals for our clients, investment expertise, technical support and a learning academy for all our staff who want to progress into advisory and paraplanning careers.”
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.
|Learn more||Contact our M&A team|