Fairstone bolsters Yorkshire presence with adviser acquisition

Adds £850k revenue

Tom Ellis
clock • 1 min read

Fairstone has bought Wakefield-based workplace adviser Lofthouse Gate, representing its fifth deal in three months.

The Yorkshire-based firm will add about £850,000 of revenue to Fairstone and approximately £90m of funds under management (FUM). Founded in 2005, Lofthouse Gate specialises in pension and investment planning for SMEs and their staff. The deal was agreed under Fairstone's downstream buyout model, which sees the group take an initial minority stake in the adviser business and integrate the firm over a number of years.  Fairstone said it will work with Lofthouse Gate to acquire new clients and reactivate dormant clients "ensuring they benefit from continued contact with their advisers". ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Companies

FOS upholds complaint against Quilter AR over unsuitable ISA advice

FOS upholds complaint against Quilter AR over unsuitable ISA advice

Promised client that investments would repay mortgage by 2025

Isabel Baxter
clock 18 February 2025 • 3 min read
Fidelius unveils rebrand and expansion plans following Sӧderberg & Partners backing

Fidelius unveils rebrand and expansion plans following Sӧderberg & Partners backing

Plans to double AUM by 2029

Isabel Baxter
clock 17 February 2025 • 2 min read
Wealth management firm Nova Wealth gains B Corp status

Wealth management firm Nova Wealth gains B Corp status

Recognises that ‘talent comes from all backgrounds’

Isabel Baxter
clock 13 February 2025 • 2 min read