Chartered Financial Planning group Fairstone has snapped up two advisers from Ascot Lloyd.

Paul Adams and Simon McGechie are joining the firm, bringing over 300 clients and assets under management of almost £30m with them.

Having achieved Diploma status in 2013, Mr Adams is currently working towards becoming a Chartered Financial Planner.

Mr Adams said: “Joining Fairstone has allowed me to retain my autonomy and continue to provide the best possible advice to my clients.

“Before deciding to join Fairstone, I met with a number of IFA firms but it was evident that Fairstone had the infrastructure already in place to meet requirements of my business when it came to providing services such as compliance and report writing.”

Simon McGechie said: “I was impressed with Fairstone’s professional approach to providing financial advice. I needed focused support from a brand that would help to achieve my growth plans and the scale to back the purchase of client banks to drive that expansion."

Fairstone chief executive Lee Hartley said: “With a focus on providing clients with the best possible retirement planning and investment advice, Paul and Simon look to help clients achieve their financial objectives with clear, transparent advice. W

“Having reviewed a number of alternatives we are very pleased that Paul and Simon recognised the support that Fairstone can bring to bear and we look forward to working with them.”