Fairstone has sealed its second acquisition deal of the year with the purchase of south Lincolnshire-based MT Financial Management (MT).
It said the deal supported its strategic growth plans and nationwide coverage. MT, a holistic financial planning specialist based in Spalding, has a client base across Lincolnshire and Cambridgeshire. It has been in business for more than 25 years. The acquisition saw four advisers and nine staff join Fairstone as well as more than 600 clients and £200m funds under management (FUM). MT joined Fairstone's downstream buyout programme in March 2020. The consolidator said that since then, the business had utilised its support services to deliver an 11% rise in new business growth and a 10...
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