Fairstone has partnered with Welsh advice firm DHD Wealth Management, adding £207m of funds under management (FUM) to its books.
The firm joined Fairstone in a ‘downstream buyout', meaning Fairstone took a minority stake in the business with a view to buying the remainder a few years down the line, providing the firm has integrated successfully. DHD is a Chartered financial planning firm led by Aled Davies, Clive Davies and Denise Jacob, which specialises in investment planning, pensions and IHT planning. The deal will see four advisers and five support staff join Fairstone who, between them, generate revenues of about £1.5m serving 1450 clients. Fairstone CEO Lee Hartley (pictured) said: "With such a strong...
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