Directors at North East finance firm Fairstone Group have hailed strong results with revenues rising in a year which saw it grow the amount of client assets under management to £20bn.

The Sunderland based business, which provides financial planning and wealth management to over 125,000 clients, saw consolidated revenues and fee income rise 21% to £168m in 2024. Separate accounts for Fairstone Group Ltd – the holding company which provides support to its subsidiaries – show revenues rose from £20.4m to £21.9m, while operating profit halved from £1.6m to £821,013.

The previous year’s overall profit of £535,223 dropped to a loss of £269,334 on the back of increased administrative expenses, and employee numbers rose from 136 to 139. The start of this month saw its founder and CEO Lee Hartley

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