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UK financial planner inks ninth M&A deal this year

Bringing funds under management to over £1.3bn


Financial planning firm Fairstone has signed up advisory business Sabre Financial to its downstream buy out (DBO) programme.

The DBO scheme sets out to acquire and integrate IFA firms into the group over a two-year period, before the buy-out is finalised.

The M&A deal adds around 1,000 clients, four advisers and six support staff to the financial planning firm and expands Fairstone’s footprint in the southwest of the UK.

This marks the ninth DBO acquisition of 2020, which helped Fairstone reach over £1.3bn ($1.7bn, €1.4bn) in funds under management.

Continuous growth

Sabre Financial principal Dale Came said: “We believe that a relationship built on trust between customer and adviser is paramount; this enables us to provide great advice and service. The move to Fairstone is key to ensuring that this continues moving forward.

“It allows us to grow our operation, remain independent and able to service client needs to the highest standard, whilst having the backing of one of the largest chartered financial planning firms in the UK.”

Fairstone chief executive Lee Hartley added: “We are always looking for strong, high quality businesses with ambitious growth plans to join Fairstone.

“The strength of our DBO programme is demonstrated in the fact that all the firms we have gone on to acquire have received at least 100% of their premium sale value and many achieving much more, consolidating our position as a secure, stable and proven acquirer within the sector.”

With the addition of Sabre Financial, Fairstone is now present in 42 locations and has more than 69,000 clients.

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