Fairstone has completed its sixth buyout this year with the acquisition of West Yorkshire-based Utopia Financial Planning.
The Chartered wealth management consolidation business said Utopia had been bought following completion of its downstream buyout programme which integrates advice firms, typically over a two year period, before final acquisition. Utopia FP, based in Liversedge, West Yorkshire, is a whole-of-market advice firm specialising in advice and management of investment and retirement portfolios. The latest Fairstone deal will result in an additional 800 clients joining the group, along with Utopia FP's four advisers and six support staff. The deal will add £100m in funds under management. ...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- 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
