Fairstone completes second acquisition in a fortnight

Adds £53m of funds

Tom Ellis
clock • 1 min read

Chartered financial planning firm Fairstone has completed its second acquisition in two weeks by taking over Howton Financial Services.

Leeds-based Howton will add about £53m of funds under influence to Fairstone's books. The firm specialises in financial planning for individuals, families and businesses with a focus on tax efficiency, pensions and investment. It first partnered with Fairstone three years ago and was acquired under Fairstone's downstream buyout model (DBO). The model sees Fairstone take an initial minority stake in an advisory business and integrate the firm over a number of years.   Fairstone has argued this helps minimise its exposure to integration risk while allowing the acquired company to "profi...

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

Join

 

Already a Professional Adviser member?

Login

More on Companies

FCA lifts oversight restriction on advice network 2plan after review

FCA lifts oversight restriction on advice network 2plan after review

Regains regulatory approval to expand after 2024 growth concerns

Isabel Baxter
clock 19 May 2025 • 1 min read
Aviva confirms cancellation of chunk of £450m preference shares

Aviva confirms cancellation of chunk of £450m preference shares

Trading of preference shares ceased at 8am on 15 May

Professional Adviser
clock 15 May 2025 • 2 min read
Aviva's wealth net flows fall in Q1 as workplace scheme income drops

Aviva's wealth net flows fall in Q1 as workplace scheme income drops

Outflows were offset by strong growth in its platform business

Sorin Dojan
clock 15 May 2025 • 1 min read