Harefield-based independent financial adviser RGA IFA has become the latest firm to join Fairstone Group.
The deal brings in some £750,000 of revenue for Fairstone, the UK's largest Chartered Financial Planning firm, and adds around £65m of funds under management (FUM). Fairstone said RGA, which represents more than 500 clients, would be free to advise on financial products from all providers.
"Fairstone is a perfect fit for RGA," said RGA company principal Robert Goodman. "Over the years we have developed a strong service and investment proposition for our clients and Fairstone's general ethos and philosophy enhances this attitude for the benefit of our clients."
Fairstone's most recent deal came at the beginning of October as the firm revealed it was partnering with Welsh advice firm DHD Wealth Management in a deal that added £207m FUM. The group has been involved in several other deals in the last year.
Fairstone Group CEO Lee Hartley said: "RGA is a forward-looking company, already making strong use of technology to enhance its proposition and Fairstone will bring its considerable technological expertise to help the company achieve its exciting growth targets.
"Robert Goodman and Terry Payne, along with their team, have created a first class financial advisory business in RGA, which now employs five regulated advisers who have all adopted the same high ethical standards we share at Fairstone.
"This is something we take very seriously and RGA has made it a cornerstone of its offering. As well as this, the team are accessible to their clients, offering a personal, professional service and we look forward to help bring this to a wider audience."
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