Fairstone has signed up London-based IFA, Premier Portfolio Financial Services, to its downstream buy out (DBO) programme with aim of fully integrating the company prior to full-acquisition.
Premier Portfolio Financial Services is the third firm to join Fairstone's proprietary acquisition framework in 2018. The deal brings four staff and total ongoing fee revenue of £550,000 and £40m assets under management (AUM) to the wider business. Fairstone services 41,000 private clients with more than £8.1bn in investment and pension assets. Founded in 1995, Premier Portfolio Financial Services works predominantly in the corporate sector together with a number of high-net worth clients. Premier Portfolio Financial Services company principal Adam Salomon said: "We wanted to put i...
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