19 Dec 2018
Fairstone, one of the UK’s largest Chartered Financial Planning firms, today announces that Darlington-based Belasis IFA has been fully acquired by the business, the fifth acquisition in recent months. The purchase highlights the strength of Fairstone’s proprietary Downstream Buy Out (DBO) model in integrating ambitious IFA firms into the group. The acquisition brings additional gross fee income of £500,000 to Fairstone together with funds under management of another £50 million. In addition, 1,250 clients and the business’ five advisers and two support staff join Fairstone. Belasis IFA...
10 Aug 2018
Fairstone, one of the UK’s fastest growing Chartered financial planning firms, today announces that it has taken a majority stake in Wokingham-based Allensons Mortgage Advisors, as it continues to implement its ambitious growth strategy. As part of the deal, Allensons will rebrand as Fairstone Mortgage Solutions and join a rapidly growing part of the company, which wrote over £1.25bn of new mortgage business over the past year. Paul Cleveland, principal at Allensons, will retain a significant shareholding alongside Fairstone. The purchase marks Fairstone’s fifth of 2018 and brings recurring...
03 Aug 2018
Fairstone, one of the UK’s fastest growing Chartered Financial Planning firms, announces the appointment of Adam Smith as Chief Operating Officer (COO). Adam takes up the role with immediate effect and will also join the Fairstone executive committee. Adam is a senior financial services professional and brings with him almost 20 years of experience including commercial director positions at Old Mutual, Cofunds and Legal and General. As Fairstone COO, Adam will principally oversee the group’s investment management business as well as its client and adviser propositions. He will also have...
06 Jul 2018
Fairstone, one of the UK’s fastest growing Chartered financial planning firms, today announces the full acquisition of Harefield-based IFA Robert Goodman Associates (RGA). The deal completes the purchase of the firm following a two-year integration period within Fairstone’s downstream buy out (DBO) programme. This is the fourth outright acquisition the company has made in 2018 as it continues to implement its ambitious growth strategy. The acquisition brings revenues of £800,000 to Fairstone and funds under management of £70m. Six advisers and their support staff have ensured a smooth...
12 Jun 2018
Fairstone, one of the UK’s fastest growing Chartered Financial Planning firms, announces the appointment of Chris Rigg as Chief Financial Officer (CFO). Chris takes up the role with immediate effect and will also join the Fairstone Group board of directors. With over 20 years of corporate finance experience, Chris has been involved in some of the North East’s leading businesses including Quantum Pharma PLC, Northern Recruitment Group and Barclays Bank. He has extensive acquisition, sale, MBO and fundraising experience in private equity and PLC markets. Chris brings with him a wealth of...

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