Consolidator Fairstone has completed its latest deal with the acquisition of Belfast-based ASM Financial Planning.
ASM, which runs about £250m in funds under management, is a whole-of-market advice firm specialising in advice and management of investment and retirement portfolios. The consolidator's latest deal brings 1,500 clients to the group along with ASM's six advisers and nine support staff. The acquisition was finalised after ASM signed up to Fairstone's downstream buyout programme where firms go through a typical two-year integration period before final acquisition. Fairstone chief executive Lee Hartley said: "We are delighted to complete the final acquisition of ASM Financial Planning,...
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