Fairstone Group, a UK-based chartered financial planning firm, has concluded the acquisition of Leicestershire-based advice firm My Wealth Management.

Fairstone partnered with My Wealth three years ago under its downstream buyout (DBO) model. The model involves Fairstone take an initial minority stake in an advisory business and integrating the firm over a number of years.

The deal adds £140m in funds under management to Fairstone’s books.

Fairstone Group CEO Lee Hartley said: “We look forward to an ongoing relationship with the team, supporting their marketing, front and back office and client acquisition strategies in order to help them to grow the business.”

My Wealth Management focuses on investments, retirement and estate planning. The company is headed by Ian Morris and represents around 1,500 clients.

My Wealth Management independent financial adviser and financial director Ian Morris said: “We believe, that by integrating into the Fairstone Group structure, we will ensure our that clients will continue to receive a sustainable advice service from a modern and comprehensive client-centred proposition.”

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.