Fairstone has finalised the acquisition of Berkshire-based planning firm Chiltern House after it completed the consolidator's two-year integration period.
Chiltern House, based in Bracknell, is a whole-of-market adviser specialising in the management of investment and retirement portfolios. The firm has 500 clients, four advisers and seven support staff. The deal sees Faristone gain £2.6m gross fee income and £400m funds under management. Chiltern House participated in Fairstone's ‘downstream buy out' programme which "integrates ambitious IFA firms into the group, typically over a two-year period, prior to final acquisition". Fairstone in 'strong position' to continue acquisitions during pandemic as it snaps up another IFA Fairston...
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