Fairstone has made a significant move in acquiring Station Financial IFA, which has three offices located in New Milton, Bridgend, and Chepstow. This purchase has expanded the firm’s presence in Wales to five offices, and it has also added another office to their growing footprint in the South West. Fairstone has also completed the full acquisition of Advanced Financial Services, which has two North East based offices in Newton Aycliffe and Consett. This transaction has doubled the company’s presence in County Durham.
Both Station and Advanced joined Fairstone’s Downstream Buy Out (DBO) programme, which allowed for integration and focus on growth before full acquisition. Leighton Hawkins, Co-Principal at Station, stated that “Fairstone’s unique acquisition proposition was perfect for us.” This decision allowed Station to ease into the sale without compromising any of their stakeholders. The combined deals bring over £380m of assets under management, £4m in annual revenue, 2,000 clients, 17 experienced advisers, and 19 dedicated support staff.
Co-Principal of Advanced, Philip Bousfield, mentioned that “joining Fairstone has provided us with the resources we need to ensure that we continue to offer our clients the best possible independent financial advice, both now and in the future.” Fairstone CEO, Lee Hartley, expressed his excitement in welcoming Station and Advanced into the Fairstone team as both firms share the company’s appetite to grow and develop.
In conclusion, the acquisition of Station and Advanced has enhanced Fairstone’s reputation in the industry, and this investment will provide more opportunities for the business to expand further in the future.
Fairstone has made a significant move in acquiring Station Financial IFA, which has three offices located in New Milton, Bridgend, and Chepstow. This purchase has expanded the firm’s presence in Wales to five offices, and it has also added another office to their growing footprint in the South West. Fairstone has also completed the full acquisition of Advanced Financial Services, which has two North East based offices in Newton Aycliffe and Consett. This transaction has doubled the company’s presence in County Durham.
Both Station and Advanced joined Fairstone’s Downstream Buy Out (DBO) programme, which allowed for integration and focus on growth before full acquisition. Leighton Hawkins, Co-Principal at Station, stated that “Fairstone’s unique acquisition proposition was perfect for us.” This decision allowed Station to ease into the sale without compromising any of their stakeholders. The combined deals bring over £380m of assets under management, £4m in annual revenue, 2,000 clients, 17 experienced advisers, and 19 dedicated support staff.
Co-Principal of Advanced, Philip Bousfield, mentioned that “joining Fairstone has provided us with the resources we need to ensure that we continue to offer our clients the best possible independent financial advice, both now and in the future.” Fairstone CEO, Lee Hartley, expressed his excitement in welcoming Station and Advanced into the Fairstone team as both firms share the company’s appetite to grow and develop.
In conclusion, the acquisition of Station and Advanced has enhanced Fairstone’s reputation in the industry, and this investment will provide more opportunities for the business to expand further in the future.
