Fairstone snaps up Essex firms in ninth 2020 acquisition

More to come before year end

Hannah Godfrey
clock • 2 min read

Adviser consolidator Fairstone has acquired Essex-based firm Andrew Cohen Associates, marking its ninth deal of the year via the DBO programme.

Andrew Cohen Associates has joined Fairstone via its downstream buy-out (DBO) programme, which gradually integrates a new firm into Fairstone - typically over a two-year period. Based near Saffron Walden, Andrew Cohen Associates specialises in advice and management of investment and retirement portfolios. The move brings an additional 850 clients into the group together with four advisers and six support staff. The acquisition also secures gross fee income of £1m for Fairstone together with funds under management (FUM) of £150 million. Fairstone CEO Lee Hartley said: "The team are ...

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

Join

 

Already a Professional Adviser member?

Login

More on Your profession

My Care Hub expands to public following strong adviser support

My Care Hub expands to public following strong adviser support

Advice sector has played ‘pivotal role’ in successful rollout of care guidance platform

Jenna Brown
clock 10 September 2025 • 4 min read
CBI CEO urges Rachel Reeves to take back manifesto promise not to raise tax – report

CBI CEO urges Rachel Reeves to take back manifesto promise not to raise tax – report

Rain Newton-Smith claims ‘the time for tinkering is over’

Isabel Baxter
clock 10 September 2025 • 2 min read
'Fundamentally' different advice profession risks reputational damage from football scandal

'Fundamentally' different advice profession risks reputational damage from football scandal

High profile advice incidents like V11 ‘damaging’

Isabel Baxter
clock 09 September 2025 • 3 min read