Fairstone completes double buyout deal adding £318m in FUM

Consolidator launches southern hub in Farnborough

Jenna Brown
clock • 1 min read

Fairstone has completed two full acquisitions adding more than £318m in funds under management (FUM) to its books.

Grayside Financial Services in Epsom and Swindon-based Executive Wealth Management joined the Newcastle-based consolidator's downstream buyout programme in 2022. After an integration period, both have now been fully bought out. The double deal added 1,250 new clients. It comes after the company opened its sixth nationwide hub in Farnborough which is the main focus for its southern operations. It said the move was part of a strategy to open offices in several key locations across the UK over the next 12 months. Fairstone CEO Lee Hartley said: "Grayside and Executive Wealth are client-f...

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