It first partnered with Fairstone three years ago. The DBO model sees Fairstone take an initial minority stake in the business and integrate the firm over a number of years. Details of the deal were not disclosed.
 
My Wealth Management specialises in investments, retirement and estate planning and represents some 1,500 clients. It also provides a financial management service through ActivePlan and ActivePlan+, an ongoing review of a client’s financial portfolio.
 
“We believe, that by integrating into the Fairstone Group structure, we will ensure that clients will continue to receive a sustainable advice service from a modern and comprehensive client-centred proposition,” said Ian Morris, independent financial advisor and financial director at My Wealth Management.
 
“We look forward to an ongoing relationship with the team, supporting their marketing, front and back office and client acquisition strategies in order to help them to grow the business,” said Lee Hartley, chief executive of Fairstone Group.
 
Headquartered in Newcastle, Fairstone has made a number of purchases this year as part of its DBO model, including that of Staffordshire-based Angela Murfitt Financial last month. The acquired companies have access to the group’s technology platform and are also supported in marketing, new client acquisition and reactivating dormant clients.

Click here for a recent interview with the firm about its acquisition strategy.