Pensions and Wealth Management Services joins Fairstone Group

Fairstone Group, one of the UK’s largest Chartered Financial Planning firms announces that it has signed up Pensions and Wealth Management Services (PWMS) to its downstream buyout programme.   

Based in the South East of England and with a strong presence in the North West, PWMS offers holistic financial planning services, specialising in investments and pensions.  

With over 500 clients, the PWMS deal brings revenue of almost £800K to the Fairstone Group and funds under management in the region of £150 million.  Under the terms of the deal, following an integration period Fairstone plans to fully acquire the PWMS business. 

Founded by David Halsall and Brian Brett, PWMS comprises three advisers. The support structure and systems of the Fairstone Group will allow PWMS to expand and grow in-line with its objectives without any degradation of client service. 

David Halsall, Business Principal at PWMS said: 

“Brian and I have spent some time looking for a structure that will reduce our administrative, compliance and regulatory responsibilities and we are delighted to have found this with Fairstone.  We like the people and the culture and, not only can we spend a great deal more time in the future working directly with our clients, but we also have a proposition that offers a long-term future for our business and our younger members of staff.” 

Lee Hartley, CEO of Fairstone Group, added: 

“We are very pleased to be able to welcome David, Brian and their team to the Fairstone Group. Pensions and Wealth Management Services is exactly the type of company that we look to work with. A focus on client service, the ability to offer advice across the financial planning spectrum and a desire to grow their business make it an ideal fit for us. We can offer them the back and front office support, as well as marketing and client acquisition tools which will enable them to look after their clients whilst also meeting their ambitious growth targets.” 

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