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...

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