The UK-based financial planning group has made another acquisition, this time of a wealth manager in South East England.

Fairstone Group is to acquire Hase Osborne Asset Management, a Buckinghamshire-based financial planning and wealth management firm.

The deal brings revenue of £1.5 million ($1.9 million) to Fairstone and funds under management of around £165 million. Hase Osborne advises around 530 clients. 

The latest deal follows Fairstone’s acquisition of a minority stake in McParland and Partners in June. In May, the group agreed to acquire Northern Ireland-based First Financial Management.

“As the world of financial planning and wealth management becomes more complex we felt it was important for us to join a larger group in order to provide our clients with access to greater resources to meet future challenges,” said John Osborne, firm principle at Hase Osborne.

“We continue to actively seek companies to join the Fairstone Group, and it is encouraging to see quality advisory businesses approaching us to be a part of our growing national brand,” said Lee Hartley, chief executive of Fairstone.

Fairstone’s downstream buyout model has led to the incorporation of 35 firms since 2011. The group, which is based in Newcastle upon Tyne, is now made up of 260 advisors serving over 25,000 clients. It has £5.8 billion of funds under advice, with £2.4 billion of funds under management.