Fairstone acquisition of Cheshire IFA 'first of 10' in 2018

Hammond McNulty deal adds £50m FUM

Julian Marr
clock • 2 min read

Fairstone has completed the full acquisition of Cheshire-based IFA Hammond McNulty Wealth Management in what the consolidator business has said will prove "the first in a series of major acquisitions" in 2018.

The deal adds funds under management (FUM) of approximately £50m - a figure Hammond McNulty said it hoped to double over the next five years. Five staff will join Fairstone as part of the deal. Hammond McNulty, which joined Fairstone's ‘downstream buyout' (DBO) programme in 2012, offers independent whole-of-market advice, specialising in pensions and inheritance tax planning as well as savings, investments, critical illness, life assurance and mortgages for clients in the North West of England. Company principal Mark Pedley (pictured, left) said: "With MiFID II and GDPR coming into fo...

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

PhillipCapital eyes Walker Crips takeover with £6m bid

PhillipCapital eyes Walker Crips takeover with £6m bid

Amid significant regulatory, compliance and liquidity challenges

Isabel Baxter
clock 24 November 2025 • 3 min read
The Penny Group takes majority stake in £350m AUM advice firm

The Penny Group takes majority stake in £350m AUM advice firm

Will integrate with Harridge Financial Services over a three-year timeframe

Isabel Baxter
clock 21 November 2025 • 2 min read
Tatton AUM up almost 30% to £25.8bn during 'strong period of growth'

Tatton AUM up almost 30% to £25.8bn during 'strong period of growth'

Interim results for the six months to 30 September

Jenna Brown
clock 18 November 2025 • 2 min read