Chartered financial planning firm Fairstone has agreed to partner with Northern Ireland-based First Financial Management with a view to buying it in the future.
The company has been renamed Fairstone NI and will be fully acquired by the wider group following a few years of integrating its systems and infrastructure. Fairstone NI is already in the process of acquiring its first firm under the partnership model, Portadown-based Carleton Chambers, which will see Brian Vallely joining as partner and financial adviser. Led by Peter Savage and Sean Larkin, Fairstone NI consists of seven advisers and five support staff, servicing 500 clients. The deals will bring total revenue of about £1m to the Fairstone group and funds under management of £100...
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