Fairstone Group has acquired a minority stake in Lancashire headquartered McParland and Partners, adding ten advisers, 13 support staff and £160m in funds under management.
Fairstone will acquire a minority stake in Nelson-based McParland, integrate the company over several years and then buy the rest of the company once the integration has taken place. McParland, which also operates out of offices in Manchester and Sheffield, provides financial planning to 2,000 SME and high net worth clients. The deal sees Fairstone increase total revenue for the group by £1.6m, and funds under management by about £160m. McParland will be provided with Fairstone's front and back office support, which it says will ensure advisers have more time to provide advice. ...
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