RGA IFA has been snapped up by the Fairstone Group, the UK’s largest Chartered Financial Planning firm .
The Harefield-based IFA, which offers a personal financial advisory service specialising in investment and pension advice, is the latest firm to join Fairstone.
Financial terms of the deal were not disclosed.
RGA, which has around 525 clients, will contribute some £750,000 of revenue to Fairstone, as well as funds under management of approximately £65 million. Fairstone says that RGA will benefit from its systems and support.
Following an integration period Fairstone plans to fully acquire RGA, which is free to advise on financial products available from all providers.
Company principle at RGA Robert Goodman said: “We believed in Treating Customers Fairly long before the regulator adopted this approach and TCF is entrenched in everything we do. Fairstone is a perfect fit for RGA and we are delighted to have joined the Group. Over the years we have developed a strong service and investment proposition for our clients and Fairstone’s general ethos and philosophy enhances this attitude for the benefit of our clients.”
CEO of Fairstone Group Lee Hartley (pictured above) said: “Robert Goodman and Terry Payne, along with their team, have created a first class financial advisory business in RGA, which now employs five regulated advisers who have all adopted the same high ethical standards which we share at Fairstone. This is something that we take very seriously and RGA have made it a cornerstone of their offering. As well as this the team are accessible to their clients, offering a personal, professional service and we look forward to help bring this to a wider audience.
“RGA is a forward-looking company, already making strong use of technology to enhance their proposition and Fairstone will bring its considerable technological expertise to help the company achieve their exciting growth targets.”