Fairstone surpasses £17bn FUM as it expands advisory platform

A key element of Fairstone's strategy is the expansion of its Mineral service, a remote advisory platform designed for clients with less complex financial needs. The group marked a 32% year-on-year revenue increase. Its pro forma fee income reached £154m in the last quarter of 2023. One of the growth drivers is the stability of its revenue base, with 94% of its income being recurring, according to Fairstone. Fairstone CEO Lee Hartley said: "Our continued growth stands us in good stead for the implementation of the next phase of our strategy. While there remains some turbulence in t...