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Fairstone buys £400m Berkshire-based advice firm Chiltern House

Aug 06, 2020 - Marketline Newswire

Consolidator Fairstone has snapped up Berkshire-based advice firm Chiltern House, thereby gaining around £400m in funds under management (FUM) and £2.6m gross fee income.

Fairstone closed the deal through its downstream buy out (DBO) model which involves integration of IFAs usually over a two-year period before final takeover. As part of the deal, four advisers and seven support and Chiltern have joined Fairstone.

Besides, the deal increases the consolidator's client base by 5...