Fairstone adds £135m AUM with IFA buyout

Carmen Reichman
clock

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 ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Companies

NextGen Planners becomes Plannex

NextGen Planners becomes Plannex

‘We have outgrown the name NextGen’

Isabel Baxter
clock 10 July 2025 • 2 min read
Chase de Vere's revenue hits £118.6m driven by acquisitions and client referrals

Chase de Vere's revenue hits £118.6m driven by acquisitions and client referrals

Profit before tax reaches £31.9m in 2024

Isabel Baxter
clock 08 July 2025 • 2 min read
FE Fundinfo integrates portfolio analysis and cashflow planning solutions

FE Fundinfo integrates portfolio analysis and cashflow planning solutions

FE Analytics and FE CashCalc integrated on Nexus platform

Isabel Baxter
clock 07 July 2025 • 1 min read