Consolidator pays extra £5.4m for deals as values spike

Mergers and acquisitions in the financial planning sector are enjoying a “perfect moment” in the wake of valuations increasing over the past two years, according to specialists in the market.

Commentators such as Lee Hartley, chief executive of Fairstone, and Louise Jeffreys, managing director at introducer Gunner & Co, have spoken of the “solidity” of acquired businesses, which are providing secure, recurring income fees.

Read the full story at FTAdviser.