Fairstone has successfully acquired Forbes Lawson Wealth Management, fortifying its foothold in Scotland.
- The acquisition enhances Fairstone’s assets under management to over £17 billion.
- Forbes Lawson had previously aligned with Fairstone through a strategic partnership in 2021.
- Fairstone’s operational reach now includes more than 20 locations throughout Scotland.
- The Downstream Buy Out (DBO) programme facilitated this acquisition, offering significant investment and resources.
Fairstone’s recent acquisition of Aberdeen-based Forbes Lawson Wealth Management marks a significant milestone in its strategic expansion across Scotland. The consolidation brings Fairstone’s total funds under management to a staggering £17 billion, and further extends its extensive client base to over 125,000. This acquisition aligns with Fairstone’s continued focus on strengthening its presence in Scotland, where it now maintains or partners with over 20 locations.
Established through a partnership in 2021, Forbes Lawson became part of Fairstone’s innovative Downstream Buy Out (DBO) programme. This model was specifically designed to infuse partner firms with capital investment, alongside providing centralised resources and investor portfolios through Fairstone’s Investment Management team. The programme has been pivotal in integrating Forbes Lawson into Fairstone’s expansive network.
Chief Executive Officer Lee Hartley has emphasised Scotland’s strategic importance to Fairstone’s growth plans, expressing confidence in the acquisition’s potential to streamline operations and improve client services. Hartley remarked that the acquisition of Forbes Lawson is expected to enhance operational efficiencies and client offerings, reinforcing the firm’s commitment to the Scottish market.
Forbes Lawson’s integration under the Fairstone umbrella demonstrates the company’s forward-thinking approach, leveraging strategic partnerships to bolster its market position. The acquisition underscores Fairstone’s commitment to sustainable growth and client-centered service delivery, ensuring robust management and expansive service offerings to a diverse clientele.
The acquisition of Forbes Lawson exemplifies Fairstone’s strategic expansion and commitment to the Scottish market, reinforcing its robust client services.
