British chartered financial planning firm Fairstone Group has snapped up RGA IFA, an independent financial advisor based in Harefield, for an undisclosed sum.
The deal will add about £750,000 of revenue and £65m in funds under management to Fairstone’s portfolio.
Fairstone Group CEO Lee Hartley 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 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, which has more than 500 clients, will be free to advise on financial products available from all providers, Fairstone said.
"RGA is a forward-looking company, already making strong use of technology to enhance its proposition and Fairstone will bring its considerable technological expertise to help the company achieve its exciting growth targets,” Hartley added.
The latest deal comes shortly after Fairstone’s announcement to acquire Welsh advice firm DHD Wealth Management.