Fairstone enters Irish advice market
It is the group’s fifth acquisition of the year
It is the group’s fifth acquisition of the year
Its fourth M&A deal of 2022 having bought two DFMs and a wealth solutions provider
Preservation Capital Partners and Assetco acquired the business just 18 months ago for £102m
Deal forms part of adviser platform’s ‘ambitious growth strategy’
Solomon acquired Beaufort Financial and You Asset Management in June
It now has £7.7bn in assets under influence
Taking total assets under advice to more than £1bn
Adding £330m to AUM with more deals set to complete later this year
Deal adds £252m of assets under advice
Deal brings AUM to £800m, staff to 70 and clients to around 2,500
Backing will ‘significantly accelerate’ UK wealth firm’s current growth plans
Follows hot on the heels of Sandringham Financial Partners deal