Harefield-based RGA IFA represents around 525 clients and offers a personal financial advisory service specialising in investment and pension advice.

No fee has been disclosed for the deal, which brings revenue of £750,000 to the Fairstone Group and funds under management of approximately £65 million.

Robert Goodman, company principle at RGA, said: “We believed in Treating Customers Fairly long before the regulator adopted this approach and TCF is entrenched in everything we do.

“Fairstone is a perfect fit for RGA and we are delighted to have joined the group. Over the years we have developed a strong service and investment proposition for our clients and Fairstone’s general ethos and philosophy enhances this attitude for the benefit of our clients.”

Lee Hartley, CEO of Fairstone Group, said: “Robert Goodman and Terry Payne, along with their team, have created a first class financial advisory business in RGA, which now employs five regulated advisers who have all adopted the same high ethical standards which we share at Fairstone.

“This is something that we take very seriously and RGA have made it a cornerstone of their offering. As well as this the team are accessible to their clients, offering a personal, professional service and we look forward to help bring this to a wider audience.

“RGA is a forward-looking company, already making strong use of technology to enhance their proposition and Fairstone will bring its considerable technological expertise to help the company achieve their exciting growth targets.”

Under the terms of the deal, following an integration period Fairstone plans to fully acquire the RGA business.

RGA is free to advise on financial products available from all providers and in keeping with Fairstone’s approach, the company leverages technology to research, compare and select the most suitable products for its clients.