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

Feel Good Friday: CII and PFS host annual apprenticeship awards

Feel Good Friday: CII and PFS host annual apprenticeship awards

Part of next gen development push and ‘upholding professionalism’

Professional Adviser
clock 24 October 2025 • 1 min read
FCA to deliver 'fewer and faster' enforcement outcomes this year

FCA to deliver 'fewer and faster' enforcement outcomes this year

Therese Chambers says the watchdog is prosecuting more people than ever before

Sahar Nazir
clock 23 October 2025 • 2 min read
Autumn Budget 2025: Majority of Brits concerned about rumoured pension tax-free tax changes

Autumn Budget 2025: Majority of Brits concerned about rumoured pension tax-free tax changes

The updates advisers need in the run up to the Autumn Budget 2025 on 26 November

Professional Adviser
clock 23 October 2025 • 1 min read