Fairstone snaps up eighth firm through its DBO programme

£140m FUM

Sophie King
clock • 1 min read

Consolidator Fairstone has signed its eighth deal of 2020 under its downstream buy-out (DBO) programme by partnering with Complete Financial Planning

The programme, which gradually integrates a new firm into Fairstone typically over a two-year period, brings the firm's total funds under management (FUM) to more than £1.2bn. Complete FP, based in Hereford, has a gross fee income total of £1.5m and FUM of more than £140m. The deal increases Fairsonte's footprint across the West Midlands and will bring more than 1,600 clients, 11 advisers and 10 support staff to the wider business. Fairstone CEO Lee Hartley (pictured) said: "We are delighted to welcome Complete Financial Planning into our downstream buy-out programme. The team at Comp...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Companies

ASH Group sells national advice business Lync Wealth Management

ASH Group sells national advice business Lync Wealth Management

Lync has bought seven firms that manage a total of £500m

Jenna Brown
clock 06 November 2024 • 1 min read
One Four Nine Group makes first advice firm buy of 2024

One Four Nine Group makes first advice firm buy of 2024

National IFA has snapped up Nottingham-based Castlegate Capital

Isabel Baxter
clock 06 November 2024 • 2 min read
Perspective hits 100th acquisition with latest clutch of deals

Perspective hits 100th acquisition with latest clutch of deals

Confirmed completion of nine further IFA businesses

Jenna Brown
clock 05 November 2024 • 1 min read