Fairstone Group has fully-acquired Angela Murfitt Financial for an undisclosed sum, a deal that completes the purchase of the company under the former's downstream buyout (DBO) model.
Led by chartered financial planner Angela Murfitt (pictured right, with Fairstone Group CFO Scott Hopkinson), the Staffordshire-based firm has £30m in funds under management, and specialises in investment, pensions and inheritance tax planning. Since partnering with Fairstone four years ago, the firm said its revenues have grown by 80%. Fairstone Group CEO Lee Hartley, said: "With a focus on providing clear and reliable retirement planning and investment advice, Angela Murfitt Financial is an excellent example of the type of company Fairstone is looking to partner with. "As a chartere...
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