Tuesday, November 5, 2024

Major jobs announcement at company with presence in Kilkenny

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A financial services firm with a presence in Kilkenny, Fairstone Ireland, have announced the creation of 100 new jobs across nationwide over the next two years, with active recruitment underway for a variety of roles nationwide.

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.

READ NEXT: New bridge lifted into position in Kilkenny

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 here in Kilkenny (through their strategic partnership with Killeen Financial Services Ltd trading as Cleere Life & Pensions), Fairstone Ireland is strengthening its presence in local communities.

Paul Merriman, CEO of Fairstone Ireland, credits the company’s rapid growth and the creation of 100 new jobs 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,” he 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, employees and clients.

Alongside revenue growth, Fairstone Ireland has seen its Assets Under Management (AUM) surpass €1.5 billion.

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 that the company’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,” he added.

“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.”

As Fairstone Ireland scales its market presence and consolidates its leadership position, it claims to remain focused on delivering high-quality, value-driven financial services nationwide.

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