Chartered financial planning firm Fairstone has bought another two business, bringing its acquisitions for the year to six.

The acquisitions of Wakefield-based Lofthouse Gate and London’s Mortgage Find bring another £120 million in assets under management to Fairstone, and gross fee income of £2.3 million.

Both were made using Fairstone’s proprietary downstream buy out (DBO) model. This model is where Fairstone takes a small stake in a firm, and integrates it gradually, before making a full purchase.

The Fairstone group operates across 48 locations with a head office in Newcastle and a city office and is...