Hase Osborne Asset Management, which represents around 530 clients, offers holistic Financial Planning for high net worth individuals. It has funds under management of about £165 million.
Under the terms of the agreement, after a period of integration, Fairstone plans to fully acquire the Wendover business. No fee has been disclosed.
John Osborne, Firm Principle at Hase Osborne said: “As the world of financial planning and wealth management becomes more complex we felt it was important for us to join a larger group in order to provide our clients with access to greater resources to meet future challenges.
“We are delighted that Hase Osborne has joined the Fairstone Group. Over the years, we have developed a strong service and investment proposition for our clients and we believe Fairstone’s ethos and philosophy is complimentary to this approach.”
Lee Hartley, CEO of Fairstone Group, said: “We believe Hase Osborne is an ideal fit for Fairstone both culturally and in its approach to client service from qualified independent financial planners who are dedicated to providing the highest possible standards of client care and advice.
“We continue to actively seek companies to join the Fairstone Group, and it is encouraging to see quality advisory businesses approaching us to be a part of our growing national brand.”
Fairstone said it has 260 advisers and 60 staff, acting for over 25,000 clients. It has £5.8 billion of funds under advice, with £2.4 billion of funds under management. The firm’s investment management arm administers a range of managed portfolios which operate under the Marketstar brand.