This publication brings latest stories on mergers and acquisitions in global wealth management.

UK financial planning group Fairstone, which has agreed to acquire Northern Ireland-based First Financial Management, is to rename that business as Fairstone NI.

Taking place over a number of years, the deal will allow Fairstone NI to integrate with the group’s systems and infrastructure.

In addition, in the first deal of its own partnership programme, Fairstone NI will acquire Carleton Chambers. That move will see Carleton Chambers’ Brian Vallely joining as partner and financial advisor, based in Belfast. Prior to joining Carleton Chambers, Vallely worked for Nationwide Building Society.

The deals will bring total revenue of almost £1 million to the Fairstone Group and funds under management of £100 million, Fairstone said in a statement.

Led by Peter Savage and Sean Larkin, Fairstone NI has seven advisors and five support staff, working for 500 clients. Fairstone NI is a chartered financial planning company and provides specialist advice on asset protection, succession planning, pre- and post-retirement planning, corporate solutions and tax and estate planning.