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UK financial planning group buys Hampshire advice company

Deal adds more than £850m in funds under management

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Fairstone has acquired Hampshire-headquartered advice firm Chadney Bulgin for an undisclosed sum.

This comes a day after the financial planning group said it is in “active discussions” with over 45 advice firms to join its downstream buy out (DBO) programme.

Chadney Bulgin is a whole-of-market firm specialising in advice and management of investment and retirement portfolios.

The firm have two office locations in Fleet, Hampshire and Chichester, West Sussex.

The acquisition brings more than 11,000 wealth and mortgage clients into the group together with Chadney Bulgin’s 27 advisers and 38 support staff.  The deal also secures funds under management of more than £850m ($1.2bn, €999m)

Lee Hartley, chief executive of Fairstone, said: “Welcoming Chadney Bulgin marks a valued addition to the group and continues our commitment to invest in quality, forward thinking firms that are on a clear upward trajectory. We are looking forward to working with the team to support them to significantly grow the business, without compromising on client service or independence.”

This is Fairstone’s seventh acquisition in 2021 after it bought Dundee-based Findlay & Company Financial ServicesGlasgow-based advice firm ChartermarqueBerkshire-based Hammett and Petch Financial Planningeast Midlands-based Sterling Asset Management; Belfast-based ASM Financial Planning and west Yorkshire-based Utopia Financial Planning for an undisclosed sum.

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