Tue, 26 Dec 2023 | BUSINESS SALE
Wealth management consolidator Fairstone Financial Management has continued its acquisitive expansion with a double acquisition. The Sunderland-based firm has acquired Kent-based Bellegrove Mortgage Services and Perthshire-based Next Home, bringing in a total of 22 staff and more than 6,000 clients.
The deals strengthen Fairstone’s offering in the mortgage lending market, which generates around 8 per cent of its total fee income. The takeovers will also provide growth opportunities for the acquired firms, which have been seeking to grow cross-referral opportunities in order to provide a more complete service for their clients.
Fairstone chief executive Lee Hartley commented: "I am delighted to welcome Next Home and Bellegrove to the Fairstone family. Both are client-focused, quality firms who have established an excellent reputation for providing first-class service over many years.”
"They are also very ambitious and are looking to grow and we are delighted to be able to support them on the next stage of their journeys.”
Hartley added: "While we are primarily a wealth management house, the mortgage sector is valuable to us as there is a synergy between the two; every mortgage adviser in the group work with IFAs who can provide wealth advice to their clients and vice versa, providing a complete wealth offering across the business.”
"Our mortgage channel gives us a position of real scale in the market, and we are continuing to invest in this area of the business, leveraging our proprietary technology system and relationships with some of the leading UK lenders, to provide further efficiencies for our clients and advisers in terms of turnaround times and ease of processes."
Read more about wealth management M&A
Established in 2007, this business specialises in high-quality appointment setting and lead generation services across multiple industries, including contract cleaning, HVAC, insurance, education, and construction.
London based IFA offered with the team looking to remain and client loyalty in place, this business can continue to operate efficiently.
Midland based IFA on the market with just 110 households, this business is able to operate very profitably and you would be bolting on valuable clients and staff.
26
|
Jul
|
Tunnelling construction technology company falls into administration | ADMINISTRATION
A tunnelling construction technology company based in Basing...
26
|
Jul
|
Sumer firm RMT completes second deal of the year | MERGER
RMT Accountants & Business Advisors, which is part of the Su...
25
|
Jul
|
Occupational health service provider secures PE backing for acquisitions | BUSINESS NEWS
A Hull-headquartered provider of occupational health service...
26
|
Mar
|
Fairstone completes latest acquisition with Nottingham deal | BUSINESS SALE
Financial planning consolidator Fairstone Financial Manageme...
07
|
Mar
|
Fairstone makes latest acquisition under DBO model | BUSINESS SALE
Acquisitive wealth management firm Fairstone Financial Manag...
28
|
Apr
|
Fairstone bolsters DBO acquisition model | BUSINESS NEWS
Wealth advisory firm Fairstone Financial Management has anno...
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.