Consolidator Fairstone has acquired three British advisory firms under its downstream buy-out (DBO) programme.

The acquired entities are Norfolk-based Hamlyn Financial Services, Essex-based Andrew Cohen Associates, and Dundee-based Findlay & Company.

Andrew Cohen adds £145m of assets to Fairstone’s books and increases the consolidator’s client base by 750.

A total of eight employees will move to Fairstone as part of the deal.

Findlay brings over £120m in assets and nine employees to Fairstone.

Through the takeover of Hamlyn, Fairstone gains £100m in assets. The deal also increases the consolidator’s headcount by 12.

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Fairstone CEO Lee Hartley said: “Our DBO programme is yielding exceptional results with a significant number of businesses being onboarded and coming through to full acquisition.

“These firms are showing consistent growth performance as they take advantage of the regulatory, technical and operational support that Fairstone provides.”

Through the DBO programme, the firm recently also completed the acquisitions of Darlington-based Belasis IFA and Allensons in Wokingham.

Together, the two deals involved the transfer of £50m in funds under management and 20 employees to Fairstone.

Meanwhile, the consolidator roped in London-based Paul Miller and Surrey-based Andy Smith through its individual buy-out programme.

Together, the two financial planners add 222 clients and £46m in assets to Fairstone.