Fairstone has acquired Norfolk-based Allen Tomas & Co, adding £120 million in client assets and over 260 clients, enhancing its growth strategy in the UK financial advisory market.

Information on the Target

Fairstone has further solidified its footprint in East Anglia by acquiring Allen Tomas & Co, a Norfolk-based financial advisory firm, bringing on board £120 million in client assets and over 260 clients. Established in 2014 and headquartered in Dersingham, near King’s Lynn, Allen Tomas & Co is co-directed by independent financial planners Ben Allen and Michael Crisp. The firm is dedicated to providing a range of financial services, including investment strategies, retirement planning, and wealth management solutions tailored to meet the needs of both individuals and businesses.

Since its inception, Allen Tomas & Co has partnered with Fairstone through its DBO (Development Buy-Out) program, initially collaborating in July 2023. This partnership has allowed the firm to access essential resources and support while pursuing growth, making the recent acquisition a natural progression in their relationship.

Industry Overview in the Target’s Specific Country

The UK financial advice market has been experiencing significant evolution, characterized by ongoing consolidation and increasing demand for personalized financial services. The regulatory landscape has encouraged financial advisor