Fairstone takes on two from Ascot Lloyd

Chartered financial planning group Fairstone has appointed Paul Adams and Simon McGechie, both moving from Ascot Lloyd, days after it was leaked that AL may sell to Bellpenny, as independent financial advisers.
Adams and McGechie bring over 300 clients and assets under management of almost £30m to the Fairstone Group.
Adams is an independent, whole of market adviser, who places great emphasis on building long-term relationships by providing on-going advice to ensure a client’s goals are met.  He achieved Diploma status in 2013 and is currently working towards becoming a Chartered Financial Adviser with Fairstone.
Adams said: “Joining Fairstone has allowed me to retain my autonomy and continue to provide the best possible advice to my clients. Before deciding to join Fairstone, I met with a number of IFA firms but it was evident that Fairstone had the infrastructure already in place to meet requirements of my business when it came to providing services such as compliance and report writing.”
McGechie added: “I was impressed with Fairstone’s professional approach to providing financial advice. I needed focussed support from a brand that would help to achieve my growth plans and the scale to back the purchase of client banks to drive that expansion.”
Fairstone Chief Executive Lee Hartley said: “With a focus on providing clients with the best possible retirement planning and investment advice, Paul and Simon look to help clients achieve their financial objectives with clear, transparent advice. We are always looking for ambitious advisers who want to see a step change in their business and take advantage of the considerable benefits that Fairstone has to offer. Having reviewed a number of alternatives we are very pleased that Paul and Simon recognised the support that Fairstone can bring to bear and we look forward to working with them.”