Wednesday, November 6, 2024

Financial services firm Fairstone to create 100 new jobs

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100 new jobs are to be created in various locations across the country by the financial services firm Fairstone.

The roles will be added over the next two years with recruitment for some already underway.

The company is partnering with financial planning businesses and improving its client services around Ireland.

It is expanding into locations like Kerry, Galway, Kildare and Kilkenny and has already joined forces with five financial planning firms.

Revenues at Fairstone Ireland rose 35% year-over-year to €24.6m.

“Our remarkable revenue growth demonstrates the success of our partnerships with trusted local brokerages and our capacity to scale services nationwide,” Paul Merriman, CEO of Fairstone Ireland, said.

“With our entry into new locations and commitment to outstanding service, we’re set to reach a broader audience with customized, value-driven financial solutions.”

Assets under management at Fairstone Ireland have now surpassed €1.5 billion.

“Fairstone Ireland’s expansion and job creation is a fantastic boost for the Irish financial services sector,” said Minister of State for Financial Services, Neale Richmond.

“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.”

Fairstone has been operating in the Irish market since 2022 when it bought PAX Financial.

Since then it has also grown organically and through strategic partnerships with Carey Financial Murray & Spelman Premier Financial and Cleere Life & Pensions.

The UK based firm has over 1,200 staff in 55 locations and serves 49,000 clients, with £17 billion under management.

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