South Tyneside wealth manager Fairstone has snapped up a Devon business two years after it initially partnered with the firm.
Boldon-based Fairstone has added more than £200m funds under management to the group through the acquisition of Sabre Financial, which also expands its geographical footprint and takes total group funds to more than £13bn.
Principals Stuart Read and Dale Came decided to join Fairstone after looking to partner with a well-established national chartered firm that could help them grow. The Kingsbridge-based business joined Fairstone’s Downstream Buy Out (DBO) acquisition model in September 2020, using Fairstone’s support services to grow during their integration process, which resulted in an 18% increase in revenue and a 6% increase in client numbers.
