Consolidator Fairstone has signed its eighth deal of 2020 under its downstream buy-out (DBO) programme by partnering with Complete Financial Planning
The programme, which gradually integrates a new firm into Fairstone typically over a two-year period, brings the firm's total funds under management (FUM) to more than £1.2bn. Complete FP, based in Hereford,...
Creation of chief commercial officer role
£800,000 annual fee income
Private equity-backed business
Northants and Cambs client base
First acquisition of 2021
Almost three-quarters generated positive returns
Integration of Charles Derby and Lighthouse
Which firms made the shortlist?
Entered administration in April 2020
Cuts fees across multi-manager range