Fairstone continues spending spree by completing Welsh IFA deal

£120m FUM

Sophie King
clock • 1 min read

Advice firm consolidator Fairstone has continued its spending spree by acquiring South Wales-based UskVale Financial Planning after the firm completed its downstream buy out (DBO) programme.

The deal through the  DBO programme, which integrates IFA firms into the Fairstone group over a two-year period, will secure the consolidator a gross fee income of £1.2m with funds under management of £120m. The acquisition will increase the firm's presence in South Wales and adds more than 700 active clients, three advisers and six support staff. Advice firms acquired by Fairstone net average 111% earn-out price Fairstone CEO Lee Hartley (pictured) said: "We are delighted to complete the final acquisition of UskVale, having worked closely with them throughout the integration phase...

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 advisers and clients could benefit from overcoming philanthropy 'reluctance'

Why advisers and clients could benefit from overcoming philanthropy 'reluctance'

‘It is still a financial decision that deserves professional advice’

Sophia Panayi
clock 02 November 2026 • 5 min read
News editor's view: The devil in the Budget detail

News editor's view: The devil in the Budget detail

The news editor's Friday Night Takeaway from 30 October

Isabel Baxter
clock 30 October 2026 • 2 min read
What's spooking financial advisers this Halloween?

What's spooking financial advisers this Halloween?

Experts share what's keeping the profession awake this spooky season

Professional Adviser
clock 30 October 2026 • 4 min read