Advisory firm Fairstone Group has bolstered its London-based IFA team as part of measures to grow their operation in the City.
Michael Moran, Andrew Donnachie and Jaswinder Sandhu have brought the total number of advisers in the London office to 33, in addition to compliance and para-planning functions.
Lee Hartley, chief executive of the Fairstone Group, said: “Fairstone is growing at a consistent rate, and this is reflected in the increasing revenues generated not just by our City advisers, but across the group.”
Mr Moran has joined Fairstone as an IFA after 27 years in the industry, 16 years of which he spent specialising in pensions and investments advice. He joins from Pensions and Wealth Management Services.
Having left Independent Solutions, Mr Donnachie has 29 years’ experience in financial services specialising in company and individual pensions, protection and mortgages.
Mr Sandhu is IFA of 13 years’ standing, specialising in investments, pensions and inheritance tax planning. Prior to joining Fairstone, he worked as a Senior Financial Adviser for Uniec Prestige, Culver Financial Management and AWD Chase de Vere.
Background box
In 2014, Fairstone Group reported a 29 per cent increase in turnover.
It made 11 acquisition deals over the year and, as at the end of September 2015, the group had £5bn of client funds under influence, of which £2.1bn is classed as FUM.
Current revenues now stand at £30m, with more than 230 financial advisers contracted within the regulated businesses. There are also more than £100m of client funds within its managed portfolio products.
