Consolidator Fairstone has added 11 advisers to the firm after partnering with Surrey-based Mantle Financial Planning.
Mantle FP has joined Fairstone through its downstream buyout (DBO) programme, which gradually integrates a new firm into Fairstone typically over a two-year period, before it is fully acquired. The consolidator has gained almost £1.2bn in funds under management (FUM) through its DBO model so far this year, bringing total FUM at the firm to close to £10bn and funds under advice to almost £12bn. The agreement with Mantle FP has added more than 1,750 clients to Fairstone, along with 11 advisers, 13 support staff, FUM of more than £480m and gross fee income of £3.3m. Mantle has an offi...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes