Fairstone lines up triple acquisition

The deals will take the consolidator's total number of advisers across the UK to more than 300, servicing some 40,000 private clients with more than £7bn of assets. The three firms will be acquired through Fairstone's downstream buy-out model, which sees the group buy an initial stake in a firm and slowly integrate it into the business over a number of years before final purchase.  Fairstone has argued this helps minimise its exposure to integration risk while allowing the acquired company to "profit from its own success upon final acquisition". Fairstone Group CEO Lee Hartley (pic...