Fairstone snaps up two more IFA firms as buying spree continues

£263m FUM

clock • 1 min read

Chartered financial planner Fairstone Financial Management has snapped up two more IFAs in Hamlyn Financial Services and Wagstaffs Wealth Management, adding £263m funds under management (FUM).

The London consolidator added £113m FUM and gross fee income of £830,000 through its acquisition of Swaffham-based Hamlyn Financial Services. The purchase brought 2,500 clients, six advisers and seven support staff to Fairstone, its first acquisition of the year. Stevenage financial planner Wagstaffs brought 330 clients, £1m gross fee income and about £150m FUM to Fairstone, which now oversees £10.8bn in client investment assets. Fairstone chief executive Lee Hartley said both firms were a "perfect fit" for Fairstone's proprietary downstream buyout model: "We are delighted to complete...

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 Your profession

Why wellbeing is integral to financial planning

Why wellbeing is integral to financial planning

First Wealth founder and managing director Anthony Villis

Isabel Baxter
clock 25 September 2026 • 1 min read
Talking to each other is the best way to boost financial confidence

Talking to each other is the best way to boost financial confidence

'There's a permission problem'

Sophie Hall
clock 25 September 2026 • 3 min read
Feel Good Friday: Royal London partners with disabled racing driver on equality initiative

Feel Good Friday: Royal London partners with disabled racing driver on equality initiative

Working with Nicolas Hamilton, younger brother of F1 champion Lewis

Professional Adviser
clock 25 September 2026 • 1 min read