Three more advice firms join Fairstone's DBO programme

'Downstream buy-out' initiative

Hannah Godfrey
clock • 1 min read

Two south of England adviser firms and one Scottish business have joined Fairstone's downstream buy-out (DBO) programme in recent months, the consolidator has revealed.

Norfolk-based Hamlyn Financial Services has joined the programme, bringing £100m funds under management (FUM) that is spread across 1,500 clients. Essex-based Andrew Cohen Associates has also become part of the DBO prcess, bringing £145m of assets under management (AUM) across 750 active clients while Dundee-based Findlay & Company has also joined, bringing more than £120m AUM.   Fairstone's DBO process sets out to ensure companies are fully-integrated with the group prior to acquisition, with a view to providing a seamless transition for clients and staff. Through the process, a f...

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 Your profession

Feel Good Friday: Brooks Macdonald gives sports wellbeing advice

Feel Good Friday: Brooks Macdonald gives sports wellbeing advice

Wealth manager has partnered with charity Sporting Wellness

Professional Adviser
clock 03 May 2024 • 1 min read
Adviser guide aims to 'demystify' Consumer Duty annual reporting

Adviser guide aims to 'demystify' Consumer Duty annual reporting

Firms to produce first annual Consumer Duty board report

Sahar Nazir
clock 02 May 2024 • 1 min read
Behavioural coaching a 'tough sell' among prospective clients

Behavioural coaching a 'tough sell' among prospective clients

‘Clients overlook major sources of value from advisers’

Isabel Baxter
clock 02 May 2024 • 1 min read