Fairstone has reported another year of strong growth, with revenue rising 21% and client assets reaching £20bn.
In its latest annual results, published today (14 October), the group said revenue and pro forma fee income rose to £168m in the year to 31 December 2024.
Fairstone, which provides financial planning and wealth management to more than 125,000 clients, including over 60,000 wealth clients, said growth was driven by a combination of organic expansion and targeted acquisitions.
The group has invested in its UK and Ireland network, establishing 12 regional hubs, 10 in the UK and two in Ireland.
The hubs are designed to replicate its head office structure and embed core functions within local teams to improve delivery and support.
Alongside expanding its physical footprint, Fairstone has continued to develop its digital-first advice service, Mineral, which provides financial advice via video call.
The platform aims to help close the advice gap by making professional financial advice more accessible and affordable for people in the wealth accumulation stage.
Independent chairman David Hickey said the results reflected the success of Fairstone’s client-focused approach.
“This is another strong set of results for Fairstone and a tribute to the hard work, dedication and determination of our excellent team,” he said.
“With £20bn of client assets under management, our continued growth reflects the success of our chartered, trusted and independent advice model.”
Hickey added that Fairstone is targeting £40bn in assets under management by the end of 2030.
Fairstone’s Downstream Buy-Out (DBO) programme, launched 13 years ago, remains central to its growth strategy. The group recently concluded its 100th DBO partnership with Yorkshire-based Richardson Premier Wealth.
Enhancements to the DBO model are expected to drive further acquisitions, with the programme offering firms investment and operational support while maintaining client continuity.
Last month, Fairstone announced that former Aldermore Bank CEO Steven Cooper CBE will take over as chief executive later this autumn, succeeding founder Lee Hartley, who becomes deputy chair.
Hickey said the strengthened leadership team, combined with continued investment and acquisitions, would support the group’s ambition to double its assets under management by 2030.
“With over 14,000 verified reviews on Trustpilot and a satisfaction rating of 98%, our reputation is built on consistent client outcomes and a strong focus on professional standards,” he said.
