Many independent financial advisers operate across the UK as sole practitioners.

This number is reducing year on year as IFAs face rising operational costs, increasing regulatory pressure and the challenge of growing a business and planning for retirement when working alone.

 

Fairstone now incorporates one of the UK’s largest Chartered financial planning firms meaning that we understand the position many individual advisers find themselves in and have developed a unique proposition to enable advisers to join, grow and ultimately retire within the firm.

Download a copy of our brochure to find out about our unique Individual Buy Out proposition

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Join

Grow

Retire

We understand that your clients are your main priority, we won’t compromise your independence and will never ask you to shoehorn client assets. Partnering with Fairstone will leave you secure in the knowledge that your clients will always have access to the highest quality and best value advice.

From day one, Fairstone will absorb all PI and regulatory costs and you will immediately operate within our robust compliance standards with access to file checking, case audits and pre-approval reviews.

In addition to this, we have a dedicated integrations team that will support client novation and you’ll have instant use of our industry leading technology as well as our bespoke partner asset range.

While you retain ownership of your clients and revenue, you will be able to take advantage of our centralised fee collection and reconciliation services and high-quality client facing marketing materials.

Handing over these administrative pressures will free you up to spend more time with your clients and grow your business.

As part of our IBO proposition we offer:

  • Access to growth funding
  • Business development consultancy and growth support
  • New opportunities generated by our customer acquisition programme
  • A pay-as-you-go paraplanning service
  • Adviser and staff development via the Fairstone Academy
  • Marketing support including access to our TrustPilot and VouchedFor review programmes

When the time comes to start planning for your retirement, we will support your search for the right successor and work with you to ensure the safe handover of your relationships and your valued clients.

Once appointed, all succeeding advisers are offered dedicated integration support across the first 12 months and a full handover plan is agreed between all parties.

How it works

The Individual Buy Out (IBO) offers an average value of three times recurring income paid over four years.

As part of the proposition, advisers integrate with Fairstone over a two-year period and commit to a 12-month handover ahead of retirement.

The integration period allows for full assimilation with our systems and processes and focusses on the growth of  your business whilst preparing it for sale. Over the first year we will work in partnership to develop a growth strategy that enables you to optimise the value of your business and achieve your aspirational sale value.

The scheme offers:

An initial 42% of the total consideration paid in year one

60% of on-going recurring income paid for four years

70% of the previous 12 months recurring income paid at exit date

Attractive death benefits for your nominated beneficiary

Office space with admin and paraplanning support within a Fairstone office

Interested in joining us?

When it comes to partnering with individual IFAs we have a series of minimum requirements and characteristics that we aim to meet.

We have a preference for Chartered individuals with no previous high-risk business and we look for IFAs based within 25 miles of a Fairstone office as well as the following traits:

 

Minimum revenue of £200,000
Total revenue of between £200,000 and £500,000
Minimum 70% as recurring income
An average client portfolio size above £250k

If you don’t meet this profile, we would be happy to discuss how we could help your business evolve into a new form.