Fairstone completes DHD WM acquisition 11 months early

Adds £260m FUM

Victoria McKeever
clock • 1 min read

Fairstone Group has increased its funds under management (FUM) by a further £260m after completing its acquisition of DHD Wealth Management 11 months ahead of schedule.

Led by principals Aled Davies, Clive Davies and Denise Jacob, DHD is a firm of independent financial advisers that provides advice to clients throughout Wales on all aspects of investment, pensions, life insurance and tax planning. The acquisition, which began when DHD entered into Fairstone's downstream buy-out programme in April 2016, will see four advisers and five support staff join the group. It will bring total revenue of £1.5m to Fairstone. Fairstone chief executive Lee Hartley (pictured) said: "The integration and due diligence process with DHD progressed exceptionally well an...

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