The deal has broadened its financial operations within the south west and added £50m of funds under management, bringing the group total to £2.1bn.
The moves add 3,000 clients to the firm’s existing membership of 30,000, and expands its adviser base of 240 by 10 advisers.
David Roberts, director at South West Financial Planning, said: “Fairstone’s DBO proposition is undoubtedly an attractive one.
“It does not just focus on the traditional proposition of saving on compliance and regulatory workload. It’s much more than that: it is about investing in the future and providing long-term benefits for clients, advisers and principals alike.”