thewealthnet     About Us    |    FAQs    |    Contact Us
 
  Search
 
     
  Advanced Search       RSS Feed  twitter  linkedin 
Welcome to thewealthnet    |   Europe, Middle East & Africa Get The App   |   Login
  Tue 23rd Oct 2018  |    Make this my homepage  
Subscribe now!
Credit Cards Accepted
World Map
    
Fairstone completes fourth acquisition of the year
06/07/2018 , News Team

Chartered financial planner Fairstone has fully acquired Harefield-based IFA Robert Goodman Associates (RGA), making it the fourth outright acquisition the company has made in 2018 as it continues to implement its growth strategy.

The acquisition brings revenues of £800,000 to Fairstone and funds under management of £70 million. Six advisers and their support staff have ensured a smooth transition for RGA’s 1,000 clients throughout the process. 

The deal completes the purchase of the firm following a two-year integration period within Fairstone’s downstream buy out (DBO) programme. 

Lee Hartley, chief executive of Fairstone Group, said: “As a firm, RGA is dedicated to quality service. We have always believed that clients should never be commoditised and throughout the acquisition process, clients have remained the priority. All six RGA advisers have a shared ambition to continue to grow the business. As one of the largest Chartered financial planning firms in the UK, Fairstone will bring its marketing support and technology to bear to ensure that RGA can offer their bespoke, whole-of-market advice to an ever-growing client base.”

The other three firms acquired by Fairstone this year include Cheshire-based Hammond McNulty Wealth Management, Zimb Johnson Bespoke Financial Planning and Sims Financial Planning.

RGA offers a full range of financial planning advice including investment and pension planning. 

Based in Newcastle upon Tyne with offices in London and Bristol, Fairstone is made up of 410 advisers and staff in 38 branches and office locations, acting for over 41,000 clients. The group oversees £8.1 billion of client assets with £5 billion of FUM.

 

Share with Linkedin Share with Twitter
 RATE THIS ARTICLE
Poor   Average   Good   Excellent
thewealthnet archives contain 50,334 articles dating back to 1997,making it the largest single source of information on the wealth management industry world-wide. To search for more articles, please click here.

 

© This article originally featured on thewealthnet. It is protected by international copyright law. If you copy this article illegally, you will be liable to prosecution. All rights in and relating to this article are expressly reserved. No part of this article may be reproduced, stored in a retrieval system or transmitted in any form or by any means without written permission from the publishers.

 
    Latest Headlines:    by Topic | All News
  Advertise   |   Contribute   |   Press Release   |   Terms of Use   |   Privacy   |   Contact Us Copyright Pam Insight Ltd., All Rights Reserved