Fairstone adds two more firms to DBO programme

Seven new advisers added

Hannah Godfrey
clock • 1 min read

Fairstone has signed up advisory firms Chartermarque and Hammett & Petch Financial Planning to its downstream buy out (DBO) programme, adding a total of £200m funds under management (FUM).

Collectively the deals have brought seven new advisers and a team of support staff to the financial planning firm, as well as combined revenues of £1.4m. Fairstone now services 41,000 private clients with more than £7bn in investment and pension assets. Chartermarque has offices in Glasgow and London and focuses on pensions, wealth management and financial planning, while Bracknell and Milton Keynes-based Hammett & Petch specialise in pensions, investment and inheritance planning. Since the beginning of 2017, Fairstone has brought seven advisory firms into its DBO programme, most rece...

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