View more on these topics

Consolidator secures £25m in private equity funding


IFA consolidator Fairstone Group has been boosted with a £25m capital injection by private equity backer Synova Capital.

The deal makes Synova the lead investor in Fairstone, previously known as Moneygate, with further cash also likely to be made available to the advice firm in future.

Committed Capital and Northstar Ventures have also retained stakes in the business.

Synova parter Alex Bowden will become a director at the business as part of the deal.

Newcastle-based Fairstone has incorporated 40 firms since 2011, and now has 260 advisers and 60 staff, with £5.8bn funds under advice and £2.4bn under management.

Synova also backs software and information group Defaqto, as well as insurance broker Stackhouse Poland.

Fairstone chief executive Lee Hartley says: “This partnership with a leading mid-market private equity house will allow us to accelerate our successful downstream buy out acquisition model beyond our current forecasts.”



Fairstone acquires Lincolnshire advice firm

National IFA Fairstone Group has acquired Zimb Johnson Bespoke Financial Planning in a deal that sees its assets grow by £135m and adds 220 new clients. The advice firm, based in Market Deeping, had a turnover of £750,000 last year. Zimb Johnson managing director Leigh Johnson says: “We were attracted to the firm not just […]


National IFA Fairstone joins Apfa

National IFA Fairstone Financial Management has become a member of Apfa. Fairstone Financial Management, part of the Fairstone Group, has 230 advisers and is headquartered in Newcastle. The firm also has offices in London, Bristol and Belfast. Apfa director general Chris Hannant says: “I’m delighted to welcome Fairstone to Apfa. It is critical that the […]


Moneygate to rebrand as Fairstone Financial Management

National IFA Moneygate Financial Services is set to undergo a rebrand which will see it change its name to Fairstone Financial Management. Documents file with Companies House this week show the name change was effective from 5 July. The move follows Moneygate’s acquisition of the discretionary fund management arm of adviser firm Watermark Wealth Management in […]

AFH Alan Hudson 700

AFH abandons Lighthouse takeover deal

IFA consolidator AFH Financial Group has pulled out of a potential deal to buy advice network Lighthouse Group saying it is “disappointed” by Lighthouse’s approach to the bid. In a scathing statement published today, AFH sys it does not now intend to make an offer for Lighthouse, after Lighthouse rejected a £17.4m takeover bid last […]

Rise of the machines

Head of Sustainable Investing at Royal London Asset Management, Mike Fox, looks at the case for including artificial intelligence within a sustainable investment strategy. Read the article in full here The value of investments and the income from them is not guaranteed and may go down as well as up and investors may not get […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm