Fairstone has bought Belfast-based ASM Financial Planning for an undisclosed sum.
It is the UK financial planning firm’s fifth acquisition in 2021.
Based in Belfast, ASM is a whole-of-market advice firm specialising in advice and management of investment and retirement portfolios.
The acquisition brings an additional 1,500 clients into the group together with ASM’s six advisers and nine support staff.
The deal also secures funds under management in excess of £250m ($344.9m, €291.3m).
Growth
Lee Hartley, chief executive of Fairstone, said: “We are delighted to complete the final acquisition of ASM Financial Planning, having worked closely with them throughout the integration phase.
“Their focus on quality advice and exceptional service is exactly what we are looking for in a business and their client-centric approach makes them an excellent fit for Fairstone.
“Within Fairstone, we invest in forward thinking firms to optimise their capital value, providing the framework they need to significantly grow their business, without compromising on client service or independence. We are delighted to have ASM on board, marking another valued addition to our group.”
Prior to this deal, Fairstone bought Dundee-based Findlay & Company Financial Services; Glasgow-based advice firm Chartermarque; Berkshire-based Hammett and Petch Financial Planning; and east Midlands-based Sterling Asset Management for an undisclosed sum.
