Fairstone Ireland to Create 100 Jobs Nationwide as Revenue Soars, Boosting Irish Market Presence with Growing AUM

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4 November 2024

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Minister of Financial Services Neale Richmond and Fairstone Ireland CEO Paul Merriman shaking hands in front of Fairstone Ireland pull up banner, symbolising agreement and collaboration in a professional setting.

Minister of State for Financial Services, Neale Richmond, joined Fairstone’s leadership to announce the creation of 100 jobs nationwide over the next two years, with active recruitment underway for a variety of roles across Ireland. This expansion follows Fairstone Ireland’s impressive 35% year-over-year revenue growth, now reaching €24.6 million, as the company solidifies its presence in the Irish market.

This surge in growth is powered by Fairstone Ireland’s strategy to expand its footprint nationwide, partnering with respected financial planning firms and enhancing client services across the country. Since 2023, Fairstone has joined forces with five leading financial planning firms, driving its mission to deliver comprehensive, customised financial solutions to a growing client base. With new expansions into key locations like Kerry, Galway, Kildare, and Kilkenny, Fairstone Ireland is strengthening its presence in local communities, ensuring accessible, high-quality financial services

Paul Merriman, CEO of Fairstone Ireland, credits the company’s rapid growth and the creation of 100 jobs nationwide over the next two years to strategic partnerships and an expanded presence across Ireland. “Our remarkable revenue growth demonstrates the success of our partnerships  with trusted local brokerages and our capacity to scale services nationwide,” Merriman said. “With our entry into new locations  and commitment to outstanding service, we’re set to reach a broader audience with customised, value-driven financial solutions.”

Central to Fairstone’s growth strategy is its unique Downstream Buy Out (DBO) model, which integrates culturally aligned advisory firms in phases, ensuring a smooth transition while fostering long-term value for shareholders, employee’s and most importantly clients.

Alongside revenue growth, Fairstone Ireland has seen its Assets Under Management (AUM) surpass €1.5 billion, a milestone that underscores its strengthening position in Ireland’s financial advice landscape. The DBO model continues to support seamless integration and improved client services, positioning Fairstone Ireland as a leader in wealth management.

Minister of State for Financial Services, Neale Richmond, said, “Fairstone Ireland’s expansion and job creation is a fantastic boost for the Irish financial services sector. This investment is a testament to the strength of our local talent and reaffirms Ireland as a destination of choice for innovative financial services. These roles, which are available nationwide, will allow our Financial Services sector to continue to grow, and crucially, will expand access to financial planning for people and businesses across the country .”

This momentum marks a pivotal chapter in Fairstone Ireland’s expansion journey, underscoring its commitment to collaboration, innovation, and client success. As Fairstone Ireland scales its market presence and consolidates its leadership position, it remains focused on delivering high-quality, value-driven financial services nationwide.

 

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