Fairstone has added two IFAs, Brett & Randall Financial Services and Chilli Financial, to its downstream buy-out (DBO) programme - a move that will boost its assets under management by more than £250m.
Collectively, the deals bring a total of 13 advisers and support staff to the wider business as well as combined revenues of some £1.8m. The pair are the first firms to enter the DBO programme this year, with Fairstone anticipating a total of nine DBO acquisitions over the course of 2018. Leicester-based IFA Brett & Randall Financial Services was established more than 35 years ago. It began by advising a large number of company pension schemes but, over the years, has extended its services to high net worth individuals. Stockton-on-Tees-based Chilli Financial, meanwhile, provides a...
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