IFA consolidator Fairstone today announced its third deal of 2021, buying Dundee-based Findlay and Company Financial Services.

The acquisition brings an additional 1,000 clients into the group together with Findlay’s five advisers and four support staff. The acquisition also secures funds under management in excess of £100 million.

Fairstone was named as the most acquisitive wealth management firm in the UK for 2020 and the second most acquisitive firm overall in the ICAEW Corporate Financier annual review.

It uses a proprietary ‘downstream buy out’ (DBO) model which integrates IFA firms into the group,...