Fairstone adds eight advisers in latest deal

The deal has added another eight advisers, 1,500 clients and £1.25m in gross fee income to the consolidator's books. Fairstone's downstream buyout model typically integrates IFA firms into the Fairstone group over a two-year period before a final acquisition deal is completed. Sovereign Wealth Management has offices in both Bath and Bristol. Fairstone did not disclose the fee involved in the acquisition. It is the second such deal in as many weeks after Fairstone completed its acquisition of Welsh IFA UskVale Financial Planning earlier this month. Fairstone CEO Lee Hartley said: "W...