12 Dec 2019
Three years ago, Fairstone acquired Leicester-based My Wealth Management. Here business principal Ian Morris, talks about the acquisition process and life after the sale. Business highlights – post transaction Clients numbers +25% Number of advisers & support staff Increased Fee income + £400k Profitability Increased   “Since being acquired by Fairstone, we have seen a 25% increase in client numbers and we have grown our turnover, FUM and our net profits significantly,” says Ian Morris. Fairstone framework “Profitability is up 55% by being smarter and more efficient using...
03 Dec 2019
Two years ago, Fairstone acquired Lincolnshire-based Zimb Johnson Bespoke Financial Planning. Here business principal, Leigh Johnson, talks about the acquisition process and life before and after the sale. Business highlights – post transaction Number of advisers & support staff Doubled* Clients numbers + 14% Fee income + £100k Profitability Increased   * to provide succession and more adviser support “For me the biggest positive post-acquisition has been the opportunity to really secure the future of our business,” says Leigh Johnson. Leigh, explained the company first...
28 Feb 2019
We are delighted to share our half-year review (to June 2018). Fairstone operate in a vigilant, restrained and risk averse manner which has delivered sustainable and responsible growth. We have consciously created a non-vertically integrated model, with a lack of cross-subsidisation between our advisory and investment management businesses. We are exceptionally well placed to take advantage of the recent regulatory and legislative changes that have increased professionalism of the sector and the Group has a robust compliance culture which has been further strengthened with some key...
15 Mar 2018
Chancellor of the Exchequer, Philip Hammond, delivered his first Spring Statement to Parliament on 13 March 2018. In a break with recent tradition, the chancellor did not use the financial statement midway between Budgets to present a ‘mini-Budget’ or pre-Budget report. The chancellor’s Spring Statement 2018 is a response to the Office for Budget Responsibilities’ (OBR's) latest economic and fiscal forecasts and provides an opportunity to set out government priorities and consultations ahead of the Autumn Budget later this year. Projections for growth Mr Hammond upgraded projections for...
24 Nov 2017
Chancellor of the Exchequer, Philip Hammond, delivered his second Budget to Parliament on 22 November 2017. In every Budget, there are winners and losers, and Autumn Budget 2017 was no different. In his keynote speech given to MPs in the Commons, Mr Hammond signalled that he will allocate funds to ‘invest to secure a bright future for Britain’, saying the Budget is about much more than Brexit. Read the full guide here. Overall, this was not the bold, game-changing Budget that many in the Chancellor’s own party were demanding. If you would like to review what action you may need to take to ...

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