Fairstone Group has recorded a 33% year-on-year increase in revenue, its latest trading update has shown.
The firm's revenue reached £114m in the last quarter of 2022, up from £86m on the same period in 2021. In addition to the lift in fee income, Fairstone has also announced growth in every single one of its areas - including client numbers, advisers, recurring income, gross margin, profits, and funds under management. It has also seen repeat advice levels of 94%, a client satisfaction score of 98%, and a client attrition rate of 2.4%. The client attrition number includes those who have passed away or have exited as a function of divorce and Fairstone said removing these factors from the...
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