View more on these topics

Consolidator reels in London advice firm

London advice firm Premier Portfolio Financial Services has joined Fairstone’s acquisition programme, in a deal that will add £40m assets under advice to the consolidator.

Premier is now part of Fairstone’s downstream buy-out model and it is expected it will fully join the consolidator before the acquisition is completed.

The deal brings four advisers and total ongoing fee revenue of £550,000 to Fairstone.

Premier principal Adam Salomon says: “We wanted to put in place a plan for the business that will protect our valued client relationships long into the future.”

Fairstone looks to acquire more IFAs after buyout success

Fairstone chief executive Lee Hartley adds: “We are very pleased to bring another successful, high quality business into our downstream buy out programme.”

Fairstone acquired Sims Financial Planning last month and Zimb Johnson Bespoke Financial Planning in March.

Recommended

Consolidator unveils new buy-out offer for retiring advisers

Consolidator Fairstone has launched a new Individual Buy Out programme to help advisers create exit strategies for their firms. The scheme enables advisers to build a long-term tax-efficient retirement fund while keeping continuity of service for their clients. Advisers will receive an initial capital sum, a proportion of ongoing fee revenue for an agreed period […]

Business-Handshake-Finance-Deal-700.jpg

Consolidator AFH buys up another firm and client bank

Consolidator AFH has secured two acquisition deals in the last two days as it continues its takeover plans for adviser businesses. The two deals take the total number of acquisitions for the financial year so far to six for AFH. Yesterday, the consolidator announced it had purchased the client bank of South Yorkshire IFA Lifetime […]

9

Adviser pay hits all-time high of £93,000

Adviser pay has reached a new record, according to landmark research into the profession by recruitment consultants BWD. Nearly 1000 people took part in the survey, run jointly with Money Marketing, around half of which were financial advisers. Average total earnings for employed advisers reached £93,100 in 2017, up from £81,500 in 2016. For self-employed […]

Protecting long-term savings from short-term policy

By Jamie Clark, Business Development Manager The pensions revolution is almost upon us. As with any revolution, there will be winners and losers. The winners in this case could presumably be the politicians that orchestrated pensions freedom and choice just before the general election. As for the losers, there may be many thousands of people […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment