Fairstone has strengthened its position in Scotland and the UK by completing the full acquisition of Forbes Lawson Wealth Management, based in Aberdeen.
With this transaction, Fairstone will have over £17bn ($22bn) in assets under management and over 125,000 clients overall.
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Scotland is a primary focus for Fairstone, which now runs or collaborates with over 20 locations throughout the country. The inclusion of Forbes Lawson, a reputable firm in the North East, strengthens Fairstone’s presence in Aberdeen, a city with great growth potential.
Forbes Lawson and Fairstone first collaborated in 2021 as part of the latter’s Downstream Buy Out (DBO) initiative.
Through Fairstone’s Investment Management team, investors can access some of the strongest portfolios, capital investment, and centralised resources through the DBO model. This enables businesses to progress toward complete takeover while retaining operational independence.
Fairstone CEO Lee Hartley stated: “We’re delighted to welcome Forbes Lawson into the Fairstone family. Their established reputation and client-first approach align perfectly with our values and long-term vision. The Forbes Lawson acquisition will play a pivotal role in building our presence in Aberdeen, a key location in the broader plan to drive continued growth throughout Scotland.”
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By GlobalDataRichard Macmillan, director at Forbes Lawson, added: “The support we’ve received since partnering with Fairstone in 2021 has been excellent and has enabled us to continue growing while focusing on providing exceptional service to our clients. Fairstone’s reputation as the UK’s largest and most trusted independent, wealth advisory firm was a huge factor for us and we are thrilled to officially join their team. Their buying power allows us to work with some of the world’s leading fund managers, offering premium investment solutions at the best value for our clients.”
Moreover, the DBO model offered by Fairstone is still appealing to ambitious companies looking for long-term growth, and other acquisitions are in the works to expand the company’s reach throughout Scotland, the UK, and Ireland.
