Fairstone buys Mantle Financial Planning in first acquisition of 2023

Deal adds £450m in FUM and 2,000 clients 

Jenna Brown
clock • 2 min read

Consolidator Fairstone has made its first acquisition of 2023 with the purchase of Mantle Financial Planning (Mantel), adding more than £450m in funds under management (FUM) to the group.

Principals Colin Caulfield and Clive Shaw said they joined the Chartered IFA business to get greater support dealing with "the increasing difficulties of being a medium-sized IFA directly regulated by the FCA". Mantel is a Surrey-based holistic planning firm for high-net-worth clients. Its acquisition brings 11 advisers and 16 staff to Faristone along with more than 2,000 clients. The consolidator explained that Mantle had joined its Downstream Buy Out (DBO) acquisition model in June 2020. Under the model, which sees companies use Fairstone's support services while focusing on growing...

To continue reading this article...

Join Professional Adviser

  • 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 Companies

Fintel targets future growth as Ken Davy exits chair role

Fintel targets future growth as Ken Davy exits chair role

Fintel names Phil Smith as chair replacing Ken Davy

Jenna Brown
clock 21 March 2023 • 2 min read
Kingswood UK operating profit up 80% to £11m in 2022

Kingswood UK operating profit up 80% to £11m in 2022

Trading statement for the year ended 31 December 2022

Jenna Brown
clock 15 March 2023 • 2 min read
PE-backed Skerritts snaps up Horsham-based planning firm

PE-backed Skerritts snaps up Horsham-based planning firm

Second acquisition of 2023 follows January’s Equinox Wealth deal

Jenna Brown
clock 13 March 2023 • 1 min read