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...
2020 full year results
Alongside current backer Synova
Equilibrium Financial Planning managing partner Gaynor Rigby is to leave the business this summer after 11 years with the Wilmslow-based firm.
Deal struck in 2019
Specialises in large estates
Pension boost from lockdown pain
Rishi Sunak has plans to freeze the lifetime allowance for the rest of the current parliament in a "stealth tax" on the wealthy, according to The Times.
Made 12 acquisitions in 2020