My Wealth Management has around 1,500 clients and provides bespoke financial management service through the ActivePlan platforms.

Fairstone has been partnered with My Wealth Management for three years as a part of its downstream buyout (DBO) model.

The DBO model involves Fairstone taking an initial minority stake in an independent financial adviser business and integrating the firm over a number of years.

Fairstone uses this model to minimise its exposure to integration risk and because it allows the acquired company to profit from its own success upon final acquisition.

Fairstone currently has 22 adviser firms in its DBO model.

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Lee Hartley, CEO of Fairstone Group, said: “With the best interests of their clients as its driving influence, My Wealth Management is another example of the type of company Fairstone is looking to partner with. 

“Ian [Morris, independent financial adviser and financial director at My Wealth Management] and the team at My Wealth Management take [the] time to listen and understand their clients before presenting a holistic wealth planning solution that’s driven by individual client needs providing peace of mind and value for money.

“We look forward to an ongoing relationship with the team, supporting their marketing, front and back office and client acquisition strategies in order to help them to grow the business.”