Member Article

Fairstone Group acquires two new financial services firms

Boldon-based financial planning firm Fairstone Group has acquired two new firms as part of its buy-out model to grow its business nationally.

Acquiring Octagon Wealth Management and UskVale Financial Planning, Fairstone now services 41,000 private clients with over £7bn in investment and pension assets UK-wide.

One of the UK’s fastest growing financial services organisations, and one of the largest CII Chartered Financial Planning organisations in the UK, Fairstone is made up of financial management, private wealth, corporate solutions, mortgage solutions and estate planning channels.

Lee Hartley, CEO, explained: “Since launching in 2008 Fairstone has looked to establish itself as a significant force within the sector. Our national presence is continuing to grow as our portfolio of advisory businesses expands.

“We have never looked to acquire businesses who want to stand still; it is crucial that the firms that we partner with are high quality and share both our values and aspirations for the future. That means firms who embrace technology and who expect their clients to not be treated like a commodity.”

The deals come after the announcement in March that Fairstone had brought three advisory firms into its buy-out programme, Campbell Harrison, Mortgage Find and Pensions & Wealth Management Services, with combined revenues of £3.25m.

Hartley added: “Fairstone has ambitious targets for growth but also for business quality. The addition of two companies of such calibre is an extremely welcome addition that will benefit both Fairstone and most importantly, our combined clients.

“Our aim is always to offer the very best whole-of-market choice and independent advice. It is my belief that UskVale Financial Planning and Octagon Wealth Management will help us to deliver on these objectives.

“We have spent considerable time in consultation with both businesses and look forward to helping them realise their full potential.”

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