Fairstone continues spending spree by completing Welsh IFA deal

£120m FUM

Sophie King
clock • 1 min read

Advice firm consolidator Fairstone has continued its spending spree by acquiring South Wales-based UskVale Financial Planning after the firm completed its downstream buy out (DBO) programme.

The deal through the  DBO programme, which integrates IFA firms into the Fairstone group over a two-year period, will secure the consolidator a gross fee income of £1.2m with funds under management of £120m. The acquisition will increase the firm's presence in South Wales and adds more than 700 active clients, three advisers and six support staff. Advice firms acquired by Fairstone net average 111% earn-out price Fairstone CEO Lee Hartley (pictured) said: "We are delighted to complete the final acquisition of UskVale, having worked closely with them throughout the integration phase...

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 Your profession

Investors caution Reeves' ISA reforms 'would need to strike a careful balance' to solve UK investment crisis

Investors caution Reeves' ISA reforms 'would need to strike a careful balance' to solve UK investment crisis

‘A significant shift’ but not unprecedented

Sorin Dojan
clock 21 February 2025 • 2 min read
Advisers urged to encourage philanthropy as UK's wealthiest donate £8bn

Advisers urged to encourage philanthropy as UK's wealthiest donate £8bn

CAF report highlights untapped philanthropic potential among high-net-worth clients

Sahar Nazir
clock 21 February 2025 • 2 min read
Feel Good Friday: MKC Invest 'do things differently' with GAIN partnership

Feel Good Friday: MKC Invest 'do things differently' with GAIN partnership

The DFM partnered with GAIN last year

Professional Adviser
clock 21 February 2025 • 1 min read