Fairstone acquires Sabre Financial adding £200m in FUM

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...