Consolidator Fairstone has added £120m of funds under management (FUM) after fully acquiring Leicester-based Bankfield Financial Advisers and Devon-based South West Financial Planning (SWFP).
The deals are the third and fourth outright acquisitions Fairstone has made this year through its downstream buy-out (DBO) model, which the group says reverses "the traditional buy-and-build approach"...
Acquisition completed earlier this month.
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