Fairstone boosts Scottish presence with partnership

A wealth manager has bolstered Scottish operations with a new partnership.

Fairstone has added Edinburgh-based 336 Financial Management to its downstream buy-out programme.

Bosses say the alliance will “play a pivotal role in… a broader plan to drive growth throughout Scotland”.

They add the deal means Sunderland-headquartered Fairstone has completed 29 partnerships across the UK and Ireland over the last 24 months, which have added £4.1 billion of assets under management and 177 advisers to the group. 

It now has £18 billion funds under management, with its downstream buy-out model allowing business owners to work with the company while planning for a sale at a future date.

Lee Hartley, chief executive of Fairstone, which already runs bases in Aberdeen, Dundee, Glasgow, Nairn and Perth, said: “336 Financial Management’s excellent reputation and client-first approach make it an excellent fit.

“The team will play a pivotal role in building our presence in Edinburgh, the heart of Scotland’s financial services industry.”

Elaine Walker, director at 336 Financial Management, added: “We are delighted to have joined Fairstone. 

“The support and resources available are outstanding, and we feel confident joining Fairstone will be hugely beneficial for both our business and our clients.”

Fairstone complements its head office on Sunderland’s Doxford International Business Park with a catalogue of national bases that include sites in London, Belfast, Bridgend, Bristol, Nottingham, Tunbridge Wells and Wakefield.

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