Fairstone acquires £170m FUM Full Monetary Planning

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Quick-growing Chartered Monetary Planning agency Fairstone has acquired Hereford-based Full Monetary Planning.

The deal to amass Full for an undisclosed sum will add 11 advisers to Fairstone and greater than 1,300 shoppers and £170m in Funds Below Administration.

Full principals Mark and David Rawlings will be a part of Fairstone now their agency has accomplished Fairstone’s progressive acquisition scheme, the Downstream Purchase Out (DBO) programme.

Full joined Fairstone’s acquisition scheme in March 2020, simply because the nation went into lockdown.

Fairstone says the corporate has prospered regardless of the challenges throughout the lockdowns and the Hereford-based agency will obtain additional assist and funding to proceed its progress.

Full’s David Rawlings mentioned: “The Fairstone proposition appealed to us because it supplies a chance to work carefully with one of many UK’s largest Chartered Monetary Planning corporations, to construct our enterprise collectively.”

Fairstone CEO Lee Hartley mentioned: “Full is a high quality agency with first-class people, who share our dedication to distinctive service and ambition to develop.

“They joined us at a fairly troublesome time globally as we had been simply going into lockdown with all of the challenges that introduced, however we labored carefully with the workforce all through the mixing section to supply the assist and framework to develop the enterprise.”

Fairstone incorporates one of many UK’s largest Chartered Monetary Planning corporations and has over 40 areas throughout the UK with a head workplace and Metropolis workplace, overseeing £13.5 billion in FUM for over 45,000 wealth shoppers.




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