Fairstone makes largest acquisition to date adding £1.5bn in AUM with Prosperity Wealth buy

Bought West Midlands-based firm in latest buyout deal

Jenna Brown
clock • 3 min read

Fairstone has made its largest acquisition to date with the purchase of Prosperity Wealth, an advice firm with £1.5bn in assets under management.

Prosperity, founded in 2010, is based in Brierley Hill near Dudley. It specialises in wealth management, cashflow planning, corporate financial planning and employee benefits advice. It has 80 staff, including 49 advisers and serves more than 5,000 clients across the UK, with the majority based in the West Midlands. It is headed up by IFA Matt Bell. The business first partnered with Fairstone in July 2023 through its downstream buyout programme, which works with planning firms to help them expand before a full buyout. Bell said: "We wanted to join Fairstone because it offers us the...

To continue reading this article...

Join Professional Adviser for free

  • 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

IFA Pension Pulse secures PE investment

IFA Pension Pulse secures PE investment

HGL Private Capital backs advice firm for undisclosed sum

Sophia Panayi
clock 12 June 2026 • 1 min read
FCA warns of Coutts clone

FCA warns of Coutts clone

Clone firm trying to convince individuals it is genuine, regulator flags

Isabel Baxter
clock 12 June 2026 • 1 min read
Titan Wealth acquires Progeny's international arm

Titan Wealth acquires Progeny's international arm

Adds £900m AUA and brings 13 financial advisers into Titan Wealth

Isabel Baxter
clock 11 June 2026 • 2 min read