Consolidator Fairstone has acquired Leicester-based advice firm Brett & Randall Financial Services, adding a total of £200m of funds under management (FUM).
The purchase was Fairstone's second of the year and added 420 clients to the group's books, as well as bringing Brett & Randall's three advisers and seven support staff onto the payroll. Brett & Randall specialises in the management of investment and retirement portfolios, Fairstone said, and the firm will bring in an extra £1.3m in fees every year. Fairstone CEO Lee Hartley said: "We are delighted to complete the final acquisition of Brett & Randall, having worked closely with them through our proprietary DBO [downstream buy-out] programme. "Through our DBO programme, which rever...
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