Fairstone adds £200m FUM through latest acquisition

PWMS has one office in Hertfordshire and another in West Lancashire and will add four advisers and four staff to the consolidator's books. Fairstone said the acquisition will also add gross fee income of £1m. The firm was acquired through Fairstone's downstream buy out (DBO) model, which 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.   Three more advice firms join Fairstone's DBO programme Fairstone CEO Lee Hartley (pictured) said: "Our DBO proposition continues to gain ...