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
Signup and gain exclusive members-only insights
- 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
