Chilli Financial: Fairstone continues spicy spending spree

The purchase of the Stockton-on-Tees adviser firm has added 400 clients to the advice consolidator, two advisers and £80m funds under management to Fairstone. Fairstone chief executive Lee Hartley said: "We have worked closely with Chilli over the past two years through our proprietary downstream buyout (DBO) programme and we are delighted to now complete their final acquisition. "Our DBO proposition continues to gain in popularity, particularly among more sophisticated wealth management firms who place significant importance on ensuring that positive customer outcomes are realised as...