Fairstone adds £200m AUM with latest acquisition

Acquisition of Chartermarque

Jenna Brown
clock • 1 min read

Advice consolidatior Fairstone has acquired a Glasgow-based retirement planning specialist adding assets under management of £200m and gross revenues of £1m.

The acquisition of Chartermarque adds an additional 200 clients to the group alongside the firm's four advisers and four support staff.   It follows the consolidator's acquisition of Hammett and Petch Financial Planning in January and news that the group had last month secured a "major" investment from private operator TA Associates to fund its long-term growth plans. The acquisition comes after whole-of-market advice firm Chartermarque completed Fairstone's two-year ‘downstream buyout programme' which sees businesses agree to acquisition after a period of integration. Fairstone ch...

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

Platform service worsens as cost of living spurs clients to move assets

Platform service worsens as cost of living spurs clients to move assets

'People are needing cash more than ever right now'

Sahar Nazir
clock 28 November 2024 • 2 min read
PA Awards 2025: Adviser Firm of the Year shortlists revealed!

PA Awards 2025: Adviser Firm of the Year shortlists revealed!

The industry's best advice firms from across the UK

Sahar Nazir
clock 28 November 2024 • 2 min read
FCA softens enforcement approach following backlash

FCA softens enforcement approach following backlash

Final decision in Q1 2025

Beth Brearley
clock 28 November 2024 • 2 min read