Fairstone, a UK-based financial advisory firm, incorporates its 100th business into its Directly-Authorised (DBO) Programme.
**UK Wealth Manager Fairstone Expands Portfolio with 100th DBO Partnership**
Fairstone, a leading independent financial adviser based in the UK, has announced the addition of Richardson Premier Wealth Ltd to its Downstream Buy Out (DBO) programme, marking the 100th partnership under this strategic initiative.
Fairstone's DBO programme has been instrumental in driving the company's growth, with the firm now managing over £50 billion ($20 billion) in assets for more than 60,000 wealth clients. The DBO model provides partner firms with capital investment, operational resources, and regulatory support, enabling them to focus on performance without the burden of back-office or compliance tasks.
Richardson Premier Wealth Ltd, a family-owned business headquartered in Halifax, West Yorkshire, with additional footprint in Glasgow, advises more than 200 clients and manages just over £50 million in assets. Principal Paul Richardson expressed delight at the partnership, stating that their focus on a client-first approach and long-term, sustainable growth aligns with Fairstone's own values.
The upgraded DBO model includes a dynamic valuation framework linked to business performance and client outcomes. Fairstone CEO Lee Hartley expressed delight in welcoming Richardson Premier Wealth Ltd as the 100th DBO firm to join Fairstone, highlighting the firm's commitment to sustainable growth and client-centric approach.
Fairstone has set a target to double its managed assets to £40 billion ($54.8 billion) by the end of 2030. The company's strategic enhancements, including changes to its senior management team and organisational structure, reflect its progression from a founder-led business to a more structured organisation.
Recent notable acquisitions under the DBO programme include Prosperity Wealth, a West Midlands-based firm, which added £1.5 billion in assets to Fairstone's business, creating a new West Midlands hub supported by centralised resources, technology, and capital.
With the addition of Richardson Premier Wealth Ltd, Fairstone continues to strengthen its position as a trusted independent financial adviser focused on sustainable growth and client satisfaction.
At Fairstone, the recent addition of Richardson Premier Wealth Ltd marks their 100th Downstream Buy Out (DBO) partnership, demonstrating the success of their program in facilitating business expansion. With this partnership, Fairstone's managed assets surpass £50 billion ($20 billion), and the DBO model allows partner firms like Richardson Premier Wealth Ltd to invest in performance without the burden of back-office tasks, like AI and compliance, thus focusing on finance and growing their client base.
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