Fairstone Group Limited, a UK-based Independent Financial Adviser consolidation platform, raised £25.0m in equity funding.
Synova Capital made the investment.
The company intends to use the funds to continue to accelerate its consolidation strategy.
Founded in Newcastle in 2008 by CEO Lee Hartley, Fairstone encompasses over 260 IFAs throughout the UK offering financial advice to in excess of 25,000 private clients with £5.8 billion of assets under advice.
The company uses a proprietary technology platform to streamline front and back office functions, which leverages a compliance and regulatory framework.