Fairstone brings in £70m FUM with fourth 2018 acquisition

The acquisition follows a two-year integration period within the consolidator's downstream buyout programme RGA's acquisition has brought revenues of £800,000 to Fairstone, and funds under management of £70m. Six advisers have joined Fairstone as part of the deal. Fairstone kicked off the year with the acquisition of Cheshire-based Hammond McNulty Wealth Management. In March, the consolidator acquired Peterborough-based IFA Zimb Johnson Bespoke Financial Planning, and in April, it acquired Sims Financial Planning. In February, the firm said it wanted to make 10 full acquisitions th...