Fast-growing Chartered Financial Planning firm Fairstone has acquired Hereford-based Complete Financial Planning.

The deal to acquire Complete for an undisclosed sum will add 11 advisers to Fairstone and more than 1,300 clients and £170m in Funds Under Management.

Complete principals Mark and David Rawlings will join Fairstone now their firm has completed Fairstone’s progressive acquisition scheme, the Downstream Buy Out (DBO) programme.

Complete joined Fairstone’s acquisition scheme in March 2020, just as the country went into lockdown.

Fairstone says the company has prospered despite the challenges during the lockdowns and the Hereford-based firm will receive further support and investment to continue its growth.

Complete’s David Rawlings said: “The Fairstone proposition appealed to us as it provides an opportunity to work closely with one of the UK’s largest Chartered Financial Planning firms, to build our business together."

Fairstone CEO Lee Hartley said: “Complete is a quality firm with first-class individuals, who share our commitment to exceptional service and ambition to grow.

“They joined us at a rather difficult time globally as we were just going into lockdown with all the challenges that presented, but we worked closely with the team throughout the integration phase to provide the support and framework to grow the business.”

Fairstone incorporates one of the UK’s largest Chartered Financial Planning firms and has over 40 locations across the UK with a head office and City office, overseeing £13.5 billion in FUM for over 45,000 wealth clients.