Fairstone is one of the fastest growing Independent Financial Adviser consolidation platforms in the UK.

Fairstone utilises a proprietary technology platform to streamline front and back office functions, underpinned by a robust compliance and regulatory framework. As a result, Fairstone offers a substantially reduced administration burden and faster execution to IFA’s allowing them to focus more of their time on their core competence of providing bespoke financial advice to clients. The Company is also one of the largest Chartered Financial Planning firms in the UK.

The Company’s pioneering lead generation capabilities offer additional benefits to help accelerate the growth of each IFA once they have joined the platform. This unique acquisition model allows individual IFA firms to benefit from the growth as part of the Fairstone platform prior to their ultimate acquisition by the Business. To date over 40 IFA firms have joined the Fairstone platform together with over 50 individual advisers who have enjoyed average earnings growth of 17% per annum over the last 3 years.

Founded in Newcastle in 2008 by CEO, Lee Hartley, Fairstone has grown to encompass over 260 IFA’s throughout the UK offering tailored financial advice to in excess of 25,000 private clients with £5.8 billion of assets under advice.

KEY FACTS

  • £5.8bnAssets under Advice
  • 25,000Underlying clients
  • 40IFA platform firms

LEE HARTLEY
Founder & CEO – Fairstone Group
“Synova’s investment signifies an exciting gear change in Fairstone’s growth plans. Our entire management team is obviously delighted to be working with Synova and this project has taken several months of careful planning. Synova has a proven track-record in investing into highly scalable and technology leveraged businesses like Fairstone. This partnership with a leading mid-market PE house will allow us to accelerate our successful Downstream Buy Out acquisition model beyond our current forecasts.”

INVESTMENT CASE

Fairstone has built an effective and efficient proprietary technology platform which allows Financial Advisers to concentrate on servicing clients and growing their businesses.  The Business has also developed a downstream buy-out consolidation model with integration and compliance at its heart; this has proved very attractive to a highly fragmented IFA market in which many IFA’s are looking to join larger platforms due to increased regulatory and compliance costs.

GROWTH STRATEGY

Synova’s investment will enable the continued acceleration of Fairstone’s consolidation strategy to create the leading independent IFA platform in the UK. Synova is backing the incumbent management team (led by CEO and Founder Lee Hartley) and will be working with them to shape the continued success of the Business over the next few years.