Consolidator Fairstone has acquired Leicester-based Brett & Randall Financial Services in its second acquisition for 2019.
The deal was completed under Fairstone’s downstream buy-out model which integrates independent firms into the group.
Brett & Randall specialises in investment and retirement portfolios and will bring 420 clients under the Fairstone umbrella.
The consolidator also secures a gross fee income of £1.3m and £200m in funds under management.
Fairstone chief executive Lee Hartley says: “We are delighted to finalise this deal and bring another valued business into Fairstone. This deal continues our excellent start to 2019.”
Hertfordshire-headquartered Pensions and Wealth Management was acquired by Fairstone in February – the consolidator’s only other deal for the year thus far.