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Fairstone completes Howton deal

Lee Hartley
Lee Hartley

Fairstone Group has completed its third downstream buyout (DBO) model purchase this year as Leeds-based Howton Financial Services is fully acquired.

Fairstone first acquired a minority stake in Howton three years ago. The firm, which is headed-up by manging director Paul Howard, specialises in holistic financial planning for individuals, families and businesses. The focus is on tax efficiency, pensions and investment. Howton has funds under influence of around  £53m.

CEO of Fairstone Group Lee Hartley (above) said: “We are delighted that Howton Financial is coming on board; the third recent purchase to complete under our DBO model and is testament to the robust nature of our process in partnering with quality advice companies. Having joined Fairstone, we have given Howton back the time previously spent on compliance and regulatory issues allowing Paul and his team to fully focus on their clients.”

Howard said: “In joining Fairstone we were able to transfer the somewhat onerous compliance and regulatory responsibilities to them which allowed us to commit greater time and resource to client care and service. We are extremely proud to be joining Fairstone which, like us, focuses on delivering the best possible quality service to clients. We firmly believe that Fairstone will provide a good home for both our clients and business in the future.”

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