Fairstone in 'strong position' to continue acquisitions during pandemic as it snaps up another IFA

Adds £140m AUM

clock • 1 min read

Fairstone boss Lee Hartley said his firm was in a "strong position" to continue its acquisition spree during the pandemic, as the consolidator announced plans to acquire northern-based IFA Financial Concepts.

The deal added £104m assets under management and marked Fairstone's fifth acquisition in 2020, strengthening its presence in North West England, with Financial Concepts' offices in Carlisle and Whitehaven. It adds 5,000 clients, six advisers and five support staff to Fairstone, and, in line with its downstream buy out (DBO) model, will be integrated the firm within two years before eventually being acquired by Fairstone. Fairstone chief executive Lee Hartley said Financial Concepts had a "strong focus on providing quality, first-class service and has a client-centric ethos, making...

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

Ten firms achieved CII Chartered status in second half of 2025

Ten firms achieved CII Chartered status in second half of 2025

Across financial planning and insurance

Jenna Brown
clock 13 January 2026 • 1 min read
FSCS sets £108m budget for 2026/27 as costs fall in real terms

FSCS sets £108m budget for 2026/27 as costs fall in real terms

Compensation scheme plans lower core costs

Sahar Nazir
clock 13 January 2026 • 1 min read
Financial planning career appeals to only 21% of young people

Financial planning career appeals to only 21% of young people

‘Perception gap’ a major barrier to new talent

Isabel Baxter
clock 13 January 2026 • 2 min read