Wed, 30 Dec 2020 | BUSINESS SALE
Fairstone Financial Management has continued its acquisitive year with a deal for Bristol and Bath-based financial planning firm Sovereign Wealth Management. The deal sees Fairstone acquire 1,500 clients, eight advisers and gross fee income of £1.25 million.
The move represents Fairstone’s tenth of the year, all part of its downstream buy-out (DBO) model, through which it acquires a stake in a firm, before integrating the target over a period of around two-years and then completing the purchase.
Fairstone Chief Executive Lee Hartley said: “We are delighted to complete the final acquisition of Sovereign Wealth Management, having worked hand-in-hand with them throughout the integration phase.”
“The team is a strong cultural fit for Fairstone, with high quality individuals who really care and put clients at the heart of what they do.”
Sovereign Wealth Management company principal Marcus Harris added: “I am pleased to have integrated the company with such a forward-thinking and client-focused firm as Fairstone. We look forward to continuing to deliver first-class service to our clients as part of the Fairstone family.”
Regarding the company’s DBO acquisition model, Lee Hartley said: “Our unique downstream buy-out model is continuing to yield impressive results and is attracting a series of high quality firms into our fold.”
Hartley added that the firm was in a “superb position to deliver continued growth” over the coming years.
Find businesses for sale here.
If you are looking for an exit, we can help!
Established employment agency specialising in supplying permanent contract and temporary candidates for vacancies in highly specialist sectors. With a strong foothold in multiple niche disciplines the company has in-depth specialist knowledge working...
Single site Solicitor practice based in the Beds, Bucks and Berks borders with good profits on a turnover of £350,000.
LEASEHOLD
This is a fantastic opportunity to purchase a positively branded financial advisory firm with an innovative and contemporary approach to business whilst retaining traditional standards of excellence in client service.
LEASEHOLD
|
20
|
|
May
|
Administrators seek buyer for gourmet instant noodle brand | ADMINISTRATION
Bournemouth-based instant foods brand Mr Lee’s Pure Fo...
|
19
|
|
May
|
Knights continues acquisition-lead growth strategy with £11.5m deal for law firm | BUSINESS SALE
Legal services company Knights has acquired Portsmouth-headq...
|
18
|
|
May
|
Insolvencies forecast to surge 37 per cent in 2022 as inflation hits 40-year high | BUSINESS NEWS
Businesses in the UK look set to come under continuing press...
Sign up to receive our acquisition alert emails to get your FREE guide
|
20
|
|
May
|
Administrators seek buyer for gourmet instant noodle brand | ADMINISTRATION
Bournemouth-based instant foods brand Mr Lee’s Pure Fo...
|
19
|
|
May
|
Knights continues acquisition-lead growth strategy with £11.5m deal for law firm | BUSINESS SALE
Legal services company Knights has acquired Portsmouth-headq...
|
18
|
|
May
|
Cotswolds pub in prime tourist town comes to market for £1.3m | BUSINESS SALE
The Mousetrap Inn in the popular Cotswolds tourist town of B...
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources