Fairstone Group has expanded its holdings with the addition of financial planning company Avidus Scott Lang.
Sale-based firm Avidus specialises in pension, financial and estate planning, as well as asset management for high net-worth individuals and corporate clients.
The deal brings an additional £350m of assets under management and £2m in revenues into the Fairstone Group, as well as a further seven IFAs and nine support staff.
Lee Hartley, chief executive at Fairstone, said he was always looking for partners who will benefit from their structure. He said: “For an ambitious company like Avidus Scott Lang, the financial support that we are also able to offer is invaluable to assist with future growth, and we look forward to working with the team over coming years.”
Ian Thomasson, an IFA at Avidus Scott Lang, said: “By integrating with Fairstone we are able to deliver increased quality of service to our clients.”
The deal has given Avidus’ clients access to Fairstone’s Marketstar portfolios, which offer a range of fund-based model portfolios which are available across a wide range of independent platforms and leading life and pension wrappers.
