Fairstone continues spending spree by completing Welsh IFA deal

The deal through the  DBO programme, which integrates IFA firms into the Fairstone group over a two-year period, will secure the consolidator a gross fee income of £1.2m with funds under management of £120m. The acquisition will increase the firm's presence in South Wales and adds more than 700 active clients, three advisers and six support staff. Advice firms acquired by Fairstone net average 111% earn-out price Fairstone CEO Lee Hartley (pictured) said: "We are delighted to complete the final acquisition of UskVale, having worked closely with them throughout the integration phase...