Fairstone Financial Management has expanded its Teesside office.
The business, which was formerly known as Belasis IFA, has now moved into new premises in the heart of Darlington, from their previous base in Billingham.
The Teesside office consists of six advisers and two administrative staff. The team is led by business principal Craig Dyball and IFA Stewart Hodgson. The firm joined Fairstone Financial Management in 2012 under Fairstone’s Downstream Buyout Model. In 2013 it acquired Retirement Options Wearside and Retirement Options Durham. These specialised in bespoke financial advice for teachers. A year later, it also acquired Fergus MacKenzie & Co.
The Teesside office now looks after around 1,500 clients across the Teesside, County Durham and North Yorkshire areas. It advises on all areas of personal and corporate financial planning including investments, pensions, IHT planning, group pensions, auto enrolment, mortgages, group risk, succession planning and business protection.
Business Principal at Fairstone Financial Management’s Darlington office Craig Dyball said: “Having outgrown our offices through the growth of the team and expanding client work, we took the strategic decision to move to Darlington. We have been impressed by the dynamic nature of Darlington and recent inward investment which has created jobs and a skilled workforce.”
IFA Stewart Hodgson said: “With an eye on developing more business in the North Yorkshire area, a move to Darlington represented a sensible decision for the firm. With the continued support we receive from our parent, Fairstone, this promises to be a very exciting time for the company, especially as we look to further acquisition opportunities.”
Chief Executive of Fairstone Group Lee Hartley said: “We are very pleased with the continued growth of the team in Teesside under the Fairstone umbrella. It is particularly gratifying to see the results that can be achieved when our partners take advantage of our Downstream Buyout Model and of the financial and administrative support they can count on when they become part of the Fairstone family.
“We are always keen to provide the help needed for our partner businesses to flourish, whether it be financial or administrative, and the success that the team in Darlington has achieved is something we would like to congratulate them on, and emulate throughout the Fairstone Group.”