Fairstone Group has bought Buckinghamshire-based Hase Osborne Asset Management, the fourth acquisition the advice firm has made in 2017.
Hase Osborne Asset Management is a Chartered financial planning firm with 14 staff providing specialist pensions, investment and tax planning advice to 650 clients.
The deal brings total revenue of £2.1m to the Fairstone Group with funds under management of approximately £250m.
Lee Hartley, chief executive of Fairstone Group, said: “Having worked with Hase Osborne through our proprietary downstream buyout programme, we are very pleased to complete the final acquisition.
“This marks another significant step in our growth strategy and highlights our commitment to those firms which join our flexible buy out scheme.
“A number of businesses have joined us this year and the common factor is that clients are never commoditised and their interests are protected.”
Wendover-based Hase Osborne offers wealth management and holistic financial planning solutions for high net worth individuals.
Fairstone’s downstream buyout model sees the consolidator take an initial minority stake in an IFA business and integrate the firm over a number of years.
John Osborne, firm principal at Hase Osborne said: “The acquisition by Fairstone allows us to continue to provide our clients with high quality independent financial advice with the support of a strong infrastructure so that we can fully focus on our clients and ensure they get the best possible investment options.
“We look forward to accessing Fairstone’s expertise to grow the business for the long-term benefit of clients and staff.”
damian.fantato@ft.com
