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Fairstone Group continues pursuit of Yorkshire growth

Chartered financial planning firm Fairstone Group is continuing its expansion into Yorkshire by entering into a downstream buyout agreement with Wakefield-based Lofthouse Gate Ltd.

Founded in 2005, Lofthouse Gate offers advice across the financial planning spectrum, in particular providing clients with specialist pension and investment planning for SMEs and their staff.

The deal brings total revenue of £850k to the Fairstone Group and additional funds under advice of approximately £90m.

Fairstone is one of the fastest growing financial services organisations and one of the largest CII Chartered Financial Planning organisations in the UK, with revenues approaching £40m.

Based in Newcastle upon Tyne with offices in London and Bristol, the Group is made up of financial management, private wealth, corporate solutions, mortgage solutions and estate planning channels.

Roger Fayle, of Lofthouse Gate said: “Our decision to join Fairstone was based on their market leading support and resources, which will enable us to offer a more efficient client proposition.

“Making use of Fairstone’s core technology platform and their effective client acquisition programme will enable us to spend more time helping our clients to achieve their financial goals.”

Lee Hartley, CEO of Fairstone Group, added: “With three decades of experience in financial services, Roger and his team bring a clear and efficient approach to his work, incorporating regular meetings and contact to build long-term client relationships.

He added: “We are very pleased to have a company of this quality join the Fairstone Group.”

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