View all newsletters
Receive our newsletter – data, insights and analysis delivered to you
  1. News
February 28, 2018

Fairstone snaps up Hammond McNulty Wealth Management

Consolidator Fairstone has acquired Hammond McNulty Wealth Management, a Cheshire-based financial advisory business.

Hammond McNulty advises on pensions and IHT planning and savings, investments, critical illness, life assurance as well as mortgages.

The deal, whose terms were not disclosed, adds around £50m in funds under management (FUM) to Fairstone’s books. Hammond McNulty intends to increase this figure to £100m in the coming five years.

The deal also involves the migration of five employees to Fairstone.

Fairstone Group CEO Lee Hartley said: “This marks another significant step in our growth strategy and we are thrilled to have started the year so strongly. Our model ensures businesses are fully integrated before the point of sale, securing a positive impact from the start for quality firms like Hammond McNulty.”

Hammond McNulty principal Mark Pedley added: “With Mifid II and GDPR coming into force, we feel confident in Fairstone’s solid structure and the resources which have been made available to meet the challenges of the changing face of the financial services sector.”

 

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. A weekly roundup of the latest news and analysis, sent every Wednesday. The industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Private Banker International