A Financial Planning firm is setting up a new office in Scotland after snapping up three advisers – all from a rival firm in Edinburgh.

Fairstone Financial Management has announced the appointments of Richard Mein, Michael Archibald and Paul Johnson.

All three join from Edinburgh-based Origen Financial Services.

They will establish an additional team in Edinburgh, building on the company’s existing offices in Dundee, Glasgow and Fife. Fairstone has had a presence in Edinburgh since 2012 when Spence & Spence joined the group.

Mr Mein, who brings 25 years’ experience as an independent financial adviser, has particular expertise in providing corporate advice and specialises in investments and pensions.
Prior to joining Fairstone, Richard specialised in advising in the medical market for Aviva and General Accident, before spending 7 years as a wealth management adviser with Clydesdale Bank.

Mr Archibald has 20 years of experience as an IFA, specialising in pensions, investments and tax planning. Prior to this, he had spent 9 years as a wealth management adviser at Clydesdale Bank and nine years as a broker consultant at Scottish Equitable.

Mr Johnson has 20 years of experience in managing clients’ investment, pensions and tax planning requirements. Before joining Fairstone, Paul spent six years as a wealth management consultant at Bank of Scotland, a year as a wealth manager for Clydesdale Bank and fourteen years as a financial planning consultant for Standard Life.

Michael Archibald said: “Richard, Paul and I had a clear vision from the start on what we required from any company that would be supporting our business, not only at the outset but over the long term. It was essential that we aligned ourselves to a company that thought like us and had the ability to meet our high expectations. From our first meeting, it was clear that Fairstone had helped may individuals like ourselves to build their own business.

“We were also attracted by having the ability to select the services and support that were appropriate for our business rather than having to accept the “vanilla version” on offer from elsewhere. In addition, Fairstone’s commitment to professional development, encouraging their advisers to achieve chartered status was very attractive as we look to grow the company. This, along with a competitively priced proposition, helped convince us that Fairstone was exactly what we were looking for.”

Lee Hartley, chief executive of Fairstone Group, said: “We are very excited to welcome three more advisers to our operations in Edinburgh. We are always looking for ambitious, high calibre candidates to join us and we are very pleased that they have decided to do so as part of Fairstone.”