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AFH Financial buys Hemel Hemstead IFA for up to £1m

Advice firm AFH Financial has acquired CH Financial in a deal worth up to £1m depending on performance. 

AFH will initially pay £360,000 for the Hemel Hemstead-based IFA, which has £70m of funds under advice. 

Further payments up to a maximum of £640,000 will be made over the next 26 months, depending on the performance of CH Financial during that period.

It is the 15th acquisition AFH has completed since it listed on the ICAP Securities and Derivatives Exchange in June 2011.

AFH chief executive Alan Hudson says: “With RDR fully implemented, we are delighted to announce today’s acquisition as we further advance our position in the south east of England.”

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