Fairstone Group to add £30m FUM with Bankfield deal

Bankfield serves more than 2,500 clients and the deal brings revenue of £600,000 to the Fairstone Group and funds under management in the region of £30m. Under the terms of the deal, following an integration period, Fairstone plans to acquire the Bankfield business fully. Founded by Naren Naik in 1993, Bankfield comprises three additional advisers and has ambitious growth plans to hire a number of new advisers in the near future. Bankfield head of business strategy Gary Rusby, said: "We fully intend to be a leading light in financial services in the Midlands with some ambitious growth...