Fairstone adds £350m AUM with latest adviser buyout

Sale-based Avidus Scott Lang specialises in pension planning, financial planning, asset management and estate planning. The deal brings £2m in revenues to Fairstone Group, as well as a further seven IFAs and nine support staff. Fairstone is a Chartered, independent national advice firm which was formed in 2007 as Moneygate and rebranded in April 2015. It has 240 advisers and 58 staff, acting for more than 30,000 clients. It has £5.4bn of funds under advice, with £2.2bn of funds under management. It also runs an investment management arm which administers £100m of client assets i...