A Spalding firm says it will be able to ‘better serve’ its customers after being acquired by one of the UK’s fastest growing wealth management businesses.
Fairstone has made its second acquisition this year after adding Market Place-based MT Financial Management to its group,
MT Financial Management principal Trevor Wilshire said the team joined Fairstone to ‘ensure the long-term future of our firm through the support of a well-known independent national business, for the benefit of all our clients’.
“Fairstone is equally committed as we are to providing first-class independent financial advice to our clients,” Mr Wilshire said.
“As we become fully part of the Fairstone family we look forward to the further opportunities this provides us to grow and build on our success to date and better serve our clients in the years to come.”
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Established more than 25 years ago, MT Financial Management serves clients across Lincolnshire and Cambridgeshire.
The acquisition brings four advisers and nine staff into the group as well as more than 600 clients and £200m funds under management.
MT Financial Management joined Fairstone’s Downstream Buy Out (DBO) acquisition model in March 2020.
Since then, the business has utilised Fairstone’s support services to deliver an 11% rise in new business growth.
Fairstone CEO Lee Hartley said: “MT Financial has a well-established reputation for providing excellent client-centric service and they are passionately whole-of-market making them perfectly aligned with Fairstone.
“We couldn’t be happier to complete the purchase; when you bring like-minded businesses together then the fit is obvious from the start.
“Trevor and the team has been wonderful partners to work with during their integration, they have embraced our proposition and utilised the broad spectrum of support services we provide.”
