Financial advice consolidator Fairstone has acquired Huddersfield’s Brantwood Financial Planning and Durham's Advanced Financial Services, adding £200m funds under management (FUM) to its books.
Part of Fairstone's downstream buyout (DBO) model, the deals have secured more than 720 clients, 16 advisers and support staff, gross fee income of over £1.5m and added FUM £200m to the Chartered firm. Brantwood specialise in tax planning, inheritance tax and retirement planning, with two advisers, two support staff and 140 clients. The firm brings a total fee income of £650,000 and close to £140m FUM. Advanced Financial Services specialise in pensions and investments, with four advisers, eight support staff and 583 clients. The firm, which has two offices, brings a total fee income o...
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