Private equity-backed consolidator Fairstone has acquired Surrey-based Grayside Financial Services and Swindon-based Executive Wealth Management, bringing across 1250 clients.
The firms will boost assets under management (AUM) by £318m, and join after a two-year integration period, as part of Fairstone’s ‘downstream buy-out’ acquisition model.
Fairstone has also launched a south-western hub in Hampshire, as part of a strategy that will see it open several new offices in the next year.