Partner Article

Fairstone Group acquires Welsh wealth management business in latest DBO

North East financial planning firm Fairstone Group has acquired Wales-headquartered DHD Wealth Management under its Downstream Buy Out programme.

Led by Aled Davies, Clive Davies and Denise Jacob, DHD is a firm of independent financial advisers providing advice to clients throughout Wales on all aspects of investment, pensions, life insurance and tax planning.

The company will bring total revenue of £1.5m to the Fairstone Group and funds under management of £260m. Four advisers and five support staff will also join the Group.

Lee Hartley, Fairstone Chief Executive, said: “Aled, Clive and the team at DHD Wealth Management bring a huge amount of experience to Fairstone and, having fully embraced the Fairstone proposition from the outset, we are delighted to welcome them to the Group.

“DHD is an extremely well organised and robust business which also enjoys a strong and loyal client base. The integration and due diligence process with DHD progressed exceptionally well and thus the date of this acquisition was duly accelerated.

“As part of Fairstone’s offering, DHD will benefit from the unique range of growth and support services that we can provide.

“This means that the team at DHD can focus on their clients whilst the back-office, marketing and client activation work are boosted by the broader Group, enabling the team to set their growth ambitions to a new trajectory.”

Want your business, product or service to be seen regionally and nationally? Bdaily helps you get your story in front of the right audience, every day. Find out how Bdaily can help →

Join more than 55,000 subscribers by signing up to our daily bulletin each morning here.