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

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...