Fairstone adds two more advice firms to group

The group has added Lancashire's Octagon Wealth Management and South Wales-based UskVale Financial Planning adding more than 800 clients and £100m in assets under management to its books. The deals will add to the firms' 300 existing advisers servicing some 41,000 clients and £4bn of funds under management. Octagon has been acquired via Fairstone's downstream buyout 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 making the final purchase.  UskVale meanwhile has entered a partnership with Fairstone t...