The deal was started in 2016 but has finally been completed 11 months before the intended completion date.

UK financial planner Fairstone Group has purchased DHD Wealth Management, which is headquartered in Wales, as the firm expands its UK footprint.

The deal was started in 2016 under Fairstone’s downstream buyout programme and has now been completed, 11 months before the intended date, the firm said in a statement yesterday.

DHD Wealth Management will bring total revenue of £1.5 million ($1.94 million) and £260 million in funds under management to the Fairstone Group. Four advisors and five support staff will also join the group.

The Wales-based firm has several offices across the south of the country. The company is led by principals Aled Davies, Clive Davies and Denise Jacob. DHD Wealth Management is a firm of independent financial advisors, providing advice to clients throughout Wales.

“As part of Fairstone’s offering, DHD will benefit from the unique range of growth and support services that we can provide,” said Lee Hartley, Fairstone chief executive. “This means that the team at DHD can focus on their clients whilst the back-office, marketing and client activation work are boosted by the broader group, enabling the team to set their growth ambitions to a new trajectory."