One of the UK’s fastest growing financial services companies has signed a new deal with Aspire Technology Solutions to future-proof its technology services.
Fairstone is made up of a number of financial services businesses, including Fairstone Financial Management, one of the country’s largest chartered financial planning firms, and has more than 50 staff based at its Boldon HQ, with another 230 financial advisers based across the UK.
Paul Beat, Account Manager at Aspire, said:
“We are delighted to be extending our relationship with the Fairstone Group, which is continuing to expand across the UK. Aspire will be assisting the Group with consultancy and support for some cutting-edge technical projects.”
The deal will include the delivery of wireless disaster recovery links to ensure Fairstone has the most highly resilient backup systems in place and the organisation will also migrate to an Office 365 cloud based email system, in addition to moving to a single network.
Commenting on the technology tie-up, Sean Dotchin, Chief Technical Officer of Fairstone Group Limited, said:
“We have grown considerably in recent years as we continue to partner with financial advisory firms across the UK, using our unique deferred buy-out option.
“As we have continued to expand, one of our biggest challenges has been to ensure that our technology systems have continued to grow with us, to remain highly resilient and industry-leading. We’ve worked with Aspire for about three years on a range of tech projects from internet connectivity and telephone and voice connectivity to advanced network and technical server support, and are looking forward to continuing to work with the team over coming years.”
The new contract will see Aspire help to develop a highly-scalable and sustainable infrastructure, in addition to robust recovery systems to ensure 100% continuity in the event of a disaster.
Fairstone is one of the fastest growing financial services organisations and one of the largest CII Chartered Financial Planning organisations in the UK, with revenues approaching £30 million.
Based in Newcastle upon Tyne with offices in London and Bristol, the Group is made up of financial management, private wealth, corporate solutions, mortgage solutions and estate planning channels.
Today, Fairstone is a national firm made up of 230 advisers and 58 staff, acting for over 30,000 clients. It has £5 billion of funds under advice, with £2 billion of funds under management. The firm’s investment management arm administers a range of managed portfolios which operate under the Marketstar brand. These portfolios currently hold over £100 million of client assets.