Fairstone completes Glasgow IFA acquisition, adding £160m FUM

Annual revenue of £1.1m

Victoria McKeever
clock • 1 min read

Fairstone has completed the acquisition of Glasgow-based IFA Professional Partners, adding £160m funds under management to the consolidator's operations.

Professional Partners will also add three advisers and five support staff, who help bring in annual revenue of around £1.1m. The firm was established 27 years ago and offers a range of personal and corporate financial advice to some 800 clients.  Fairstone completed the purchase of the firm after it spent a period within the consolidator's downstream buyout programme. This involves Fairstone taking an initial minority stake in a business and completing the buy-out at the end of an agreed integration period. Professional Partners principals Fraser Thomson and Fraser McPhate said: "We w...

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 Your profession

Trial of former Titan Wealth employee rescheduled as defence prepares abuse of process argument

Trial of former Titan Wealth employee rescheduled as defence prepares abuse of process argument

Prosecution ready to proceed but court agrees to delay trial until late August

Sahar Nazir
clock 09 May 2025 • 2 min read
Professional Adviser TV: Female leadership and overcoming business barriers

Professional Adviser TV: Female leadership and overcoming business barriers

With WIFA winner and short lister Frankie Smith

Professional Adviser
clock 09 May 2025 • 1 min read
The 'quick way' to lose your clients' trust

The 'quick way' to lose your clients' trust

Clients are disengaging rather than firing their advisers, conference hears

Sahar Nazir
clock 09 May 2025 • 2 min read