Fairstone has completed its acquisition of Sabre Financial, which sees the Devon-based business add more than £200m in funds under management (FUM) to the group.
The consolidator said the deal would expand its nationwide coverage and brought its FUM to more than £13bn. Sabre Financial was established in 1997 and specialises in pensions and investments. The acquisition adds nine advisers and staff to the group, alongside 800 clients and more than £200 in FUM. The Devon-based firm joined Fairstone's ‘Downstream Buy Out' (DBO) acquisition model in September 2020. It used the consolidator's support services to grow during its integration process to deliver an 18% increase in revenue and a 6% increase in client numbers. It said principals Stuart...
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