Fairstone acquires Carlisle-based Financial Concepts

The acquisition is the fourth made so far this year by Fairstone, with several more deals in the pipeline. The purchase adds 10 advisers and staff into the group as well as more than 1,700 clients and £135m FUM. Carlisle-based Financial Concepts was set up in 2000 and joined Fairstone's downstream buy out (DBO) acquisition model in December 2019, which the firm said was used to leverage support to grow during their integration. Fairstone said the Carlisle business has already seen a 7% increase in revenue and 6% increase in clients. Financial Concept's principals Darren Turnbull, Anth...