Fairstone acquires Lincolnshire advice firm

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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 because of the vital back office, compliance and regulatory support functions that you would come to expect, but also because of the firm’s commitment to the quality of their advisers.

“Our team will be able to benefit from the Fairstone Academy and the status that comes with being part of one of the biggest chartered firms in the UK.”

Fairstone chief executive Lee Hartley says: “Fairstone has grown significantly in the last few years and it is made possible through partnerships with businesses like Zimb Johnson who are dedicated to their clients and can see the benefits of letting Fairstone support their ambitions.”

In September, Fairstone Financial Management joined trade association Apfa.