UK wealth group Fairstone has bought Hereford-based Complete Financial Planning for an undisclosed sum.
Specialising in pensions and investments, the acquisition of Complete FP brings 11 advisers and staff into the group as well as over 1,300 clients and more than £170m ($207m, €197m) funds under management.
Complete Financial Planning joined Fairstone’s downstream buy out (DBO) acquisition model in March 2020.
Lee Hartley, Fairstone chief executive, said: “Complete is a quality firm with first-class individuals, who share our commitment to exceptional service and ambition to grow.
“They joined us at a rather difficult time globally as we were just going into lockdown with all the challenges that presented, but we worked closely with the team throughout the integration phase to provide the support and framework to grow the business.”
This is Fairstone’s sixth acquisition of 2022 – following the purchase of Dublin-based Pax Financial for an undisclosed sum in September.
