National advice firm Fairstone has acquired Market Deeping-based IFA Zimb Johnson Bespoke Financial Planning, adding £135m to its assets under management (AUM).
The buyout will add 220 clients to Fairstone's pool of 30,000. Zimb Johnson specialises in financial planning, asset management, pensions and estate planning and last year turned over £750,000. Fairstone is a Chartered, independent national advice firm which was formed in 2007 as Moneygate and rebranded in April this year. It has been on an expansion drive since 2010 - funded mainly by a quartet of private equity investors - and has so far amassed £5bn of funds under advice, with £2bn of funds under management. The group has 240 advisers and 58 staff. It also runs an investment ...
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