Fairstone completes double acquisition

Tue, 28 Jan 2020 | BUSINESS SALE

Tyne and Wear-based consolidator Fairstone Financial Management has completed the double acquisition of Hamlyn Financial Services and Wagstaffs Wealth Management.

The two purchases see Fairstone add £263 million in funds under management to its business and consolidate its presence in Norfolk and Hertfordshire.

Swaffham-based Hamlyn Financial Services specialises in pensions and investments. Its acquisition adds 2,500 clients, six advisers, seven support staff and £113 million in funds under management to Fairstone’s business along with gross fee income of £830,000.

Stevenage-based Wagstaffs Wealth Management is a specialist in holistic financial planning and its acquisition brings 330 clients, three advisers and four support staff to Fairstone, along with £150 million in funds under management and gross fee income of over £1 million.

The deals represent a continuation of Fairstone’s downstream buy-out model, which sees it acquire a stake in an advice company, integrate it and then complete the buyout. Last year, Fairstone acquired eight financial advice firms through this model.

Describing the two new acquisitions as a “perfect fit” for its buyout model, Fairstone chief executive Lee Hartley said: “We are delighted to complete the final acquisitions of Wagstaffs and Hamlyn, having worked closely with them through our proprietary DBO programme.”

“Both Wagstaffs and Hamlyn are dedicated to quality service and like Fairstone, take a client centric approach to business. They also share our appetite to grow and develop, making them a perfect fit. Finalising these deals brings two more valued businesses into Fairstone and is a good start to our growth strategy for 2020."

"Finalising these deals brings two more valued businesses into Fairstone and is a good start to our growth strategy for 2020."

Share this article

Latest Businesses for Sale

Application Development Practice Providing Bespoke Business Systems
South East, UK

Builds & implements bespoke business systems crafted to an exceptional standard including web-based digital tools social collaboration solutions & web product development for blue-chip SME & start-up clients operating in a range of industries. The co...

Asking Price: Offers Invited
Turnover: £1,900,000

Independent Stockbroker & Wealth Manager
London, UK

Provides discretionary, advisory and execution services to retail and professional clients throughout the UK and internationally. Delivers unbiased and transparent information, advice and strategies, which are tailored to meet its clients’ unique in...

Asking Price: Offers Invited
Turnover: £2,000,000


Independent Provider of Specialist GLP Compliant Services
South East, UK

Unusual opportunity to acquire this well-established independent provider of specialist GLP compliant analytical services in agrochemicals, biocidal and natural products technical and formulated product testing, five batch analysis and storage stabil...

Asking Price: Offers Invited
Turnover: £700,000

View more businesses for sale

News Search

Latest News


Wrexham-based wire firm falls into administration | ADMINISTRATION

Wire manufacturer Wrexham Wire has fallen into administratio...


Leading UK tour operator Ski Weekends enters administration | ADMINISTRATION

One of the UK’s leading ski tour operators Harris Holi...


Pizza Express puts itself up for sale and looks to close 67 outlets | BUSINESS SALE

Pizza Express has announced that it is seeking a buyer for i...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide


Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources