Fairstone adds five-adviser Nottingham firm to acquisition stream

The deal was done through Fairstone's 'downstream buyout model', which integrates IFA firms into the consolidator's business model over the course of a two or three year period prior to final acquisition. Fairstone said this approach targets firms who do not want to sell right now but want to grow and develop and gain a higher valuation before final sale. This announcement has signalled the beginning of this phased, pre-acquisition process. Fairstone said: "Significantly, the vast majority of companies that have successfully reached ultimate acquisition stage demonstrate continued org...