Print this article

Fairstone Group Completes UK Asset Manager Acquisition

Robbie Lawther

26 October 2017

UK financial planning firm has completed the full acquisition of Hase Osborne Asset Management. In September, the firm signed up two new advisory firms to its downstream buy-out programme. 

This is the fourth successful transition in 2017 for a DBO partner being fully acquired by Fairstone and brings total revenue of £2.1 million ($2.8 million) to the Fairstone Group with funds under management of approximately £250 million, the firm said in a statement.

Based in Wendover, Buckinghamshire, Hase Osborne Asset Management offers wealth management and holistic financial planning solutions for high net worth individual. It has 14 staff providing specialist pensions, investment and tax planning advice to 650 clients.

The financial terms of the deal were not disclosed.

"This marks another significant step in our growth strategy and highlights our commitment to those firms which join our flexible buy out scheme," said Lee Hartley, chief executive of Fairstone Group. "A number of businesses have joined us this year and the common factor is that clients are never commoditised and their interests are protected. We look forward to helping John and the team grow their business through the scale and support we can bring and with Fairstone’s whole-of-market proposition and the ability to manage client portfolios through our low-cost discretionary service we believe we can offer proven and unrivalled opportunities to our new partners.”