Wealth management firm hails £1 billion milestone

A national wealth management firm is celebrating a £1 billion milestone.

Fairstone has revealed its Nova Managed Portfolio Service has reached the financial landmark.

Officials say the success – a year after the platform’s launch – is “testament to the attractiveness of Nova and the hard work which has gone into its creation and development”.

The globally diversified portfolio, built alongside J.P. Morgan Asset Management, delivers institutional-grade investment typically reserved for high-net-worth clients.

Steven Cooper, chief executive at Sunderland-headquartered Fairstone, said: “The global expertise and outstanding investment track record of J.P. Morgan Asset Management, combined with Fairstone’s exceptional client service and high levels of client trust, has proven to be a potent recipe for retail investors.

“We’re delighted so many clients have already taken the opportunity to put their trust in us.

“We look forward to further strengthening and deepening our partnership with J.P. Morgan Asset Management in the years to come.”

Nick Stebbing, Fairstone chief product and proposition officer, added: “Nova bridges a significant gap in the market by delivering solutions previously accessible only to large institutions.”

Fairstone, which recently revealed a record acquisition programme, has offices across England, Scotland, Wales and Northern Ireland.

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