Fairstone bolsters Yorkshire presence with adviser acquisition

The Yorkshire-based firm will add about £850,000 of revenue to Fairstone and approximately £90m of funds under management (FUM). Founded in 2005, Lofthouse Gate specialises in pension and investment planning for SMEs and their staff. The deal was agreed under Fairstone's downstream buyout model, which sees the group take an initial minority stake in the adviser business and integrate the firm over a number of years.  Fairstone said it will work with Lofthouse Gate to acquire new clients and reactivate dormant clients "ensuring they benefit from continued contact with their advisers". ...