Fairstone acquires two more advice firms, adding £120m FUM

Bankfield and SWFP

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(Left to right:) David Roberts, company principal at SWFP, and Steve Easter, sales director at Fairstone
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(Left to right:) David Roberts, company principal at SWFP, and Steve Easter, sales director at Fairstone

Consolidator Fairstone has added £120m of funds under management (FUM) after fully acquiring Leicester-based Bankfield Financial Advisers and Devon-based South West Financial Planning (SWFP).

The deals are the third and fourth outright acquisitions Fairstone has made this year through its downstream buy-out (DBO) model, which the group says reverses "the traditional buy-and-build approa...

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