Chartered financial planner Fairstone has fully acquired Brett & Randall Financial Services.

This is Fairstone’s second purchase of the year after the acquisition of Pensions and Wealth Management Services Ltd in February.

Fairstone claims the purchase further highlights the strength of its proprietary Downstream Buy Out (DBO) model in integrating  “ambitious” IFA firms into the group.

This model is where Fairstone takes a small stake in a firm, and integrates it gradually, before makin...