Moneygate Group will be adopting its Fairstone brand across the entire group from today (7 April).
Now known as the Fairstone Group it has current revenues of circa £26m, with backing from UK based private equity firm Committed Capital, two North East based venture capital companies Northstar Ventures and NEL and a Swiss based family office.
Moneygate first announced the intention to rebrand its customer-facing advisory business to Fairstone Financial Management as part of expansion plans back in the summer of 2013.
Lee Hartley, chief executive of Fairstone Group, said that this final stage of the rebrand completes work to create a single identity across the group.
“We continue to seek robust, like-minded IFA firms to join the Fairstone family and to benefit from our powerful business support structure and unique buy-out proposition.”
Headquartered in Newcastle upon Tyne with regional offices in London and Bristol, the group operates a core technology platform which generates customers and enables the delivery of financial solutions across advisory, investment management and direct channels.
Fairstone Financial Management is the group’s primary regulated business - a national IFA firm providing specialist and holistic advice - delivered via a team of 200 advisers, supported by a back-office team of paraplanners, researchers and customer support staff.
David Hickey, Fairstone chairman, added: “Fairstone’s distinct channels are bound together by its proprietary technology platform and core processes which ensure high-quality, robust and repeatable outcomes for our customers.
“We are dedicated to building Fairstone’s business throughout the UK and the recent opening of our new London offices will provide close and dedicated access to our team of specialists.”
peter.walker@ft.com
