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AFH completes Independent Financial Services acquisition

Consolidator AFH has settled the £4.1m deal to purchase national IFA Independent Financial Services, nearly two years after announcing the acquisition.

AFH paid an initial cash sum of £450,000 for the advisory business in May 2015.

An earn-out consideration comprising a cash payment of £264,773 and 106,763 ordinary shares of 10 pence has been settled with the vendors of IFS.

AFH profits jump 83%

This is in line with the initial acquisition agreement from May 2015, where it was agreed the final acquisition sum of up to £3.65m would be paid in three tranches, based on the performance of IFS.

The IFS acquisition initially brought 35 advisers to the group.


AFH Alan Hudson 700

AFH makes first 2018 purchase with Hertfordshire IFA

Consolidator AFH has acquired the assets of Hertfordshire advice firm Monopoly Financial Consultants for £631,000. AFH says the deal will contribute around £170,000 of recurring revenue. AFH is initially paying £330,000 with the rest of the purchase price paid over the next 26 months in two lots, dependent on Monopoly’s performance. The deal completed on […]


Consolidator AFH acquires Cornwall adviser in 13th deal of the year

Duchy Wealth Management will add £60m to AFH’s funds under managemenet Consolidator AFH has acquired Cornwall-based advice firm Duchy Wealth Management in a deal worth up to £630,000. The acquisition is the consolidator’s 13th of the current financial year. Duchy will add around £60m funds under management to AFH. For the year ended 31 March […]


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