View more on these topics

AFH Financial Group secures £660k to fund acquisitions

IFA firm AFH Financial Group has raised around £660,000 to fund potential acquisitions.

The firm’s most recent acquisition was a £725,000 deal for Cheltenham-based IFA firm Specialist Solutions, which was fined £35,000 by the FSA in April 2011 for promoting unregulated collective investment schemes to clients without properly assessing suitability. The acquisition was the firm’s eighth since it floated in June last year.

In April this year, AFH bought The Arden Group in a deal worth up to £924,000.

Yesterday, the group announced its interim results, reporting a 20 per cent increase in its revenues from £2.5m in 2011 to £3m in 2012 and its earning before taxes, depreciation and amortisation stood at £262,248.

The group has increased adviser numbers by 66 per cent from 53 at flotation to 88.

The firm says: “The proceeds of the fundraising will be used to provide additional working capital for the company and to finance potential future acquisitions.”


Intrinsic management buys out Lloyds – £20m dividends waived

Intrinsic Financial Services has undergone a capital restructure that has seen its management buy out shareholder Lloyds Banking Group and other main shareholders Sanlam and Friends Life waive six years’ worth of dividend payouts. Sanlam, Friends Life and Intrinsic management have agreed to waive all preference share-accrued dividends, which have been building up since Intrinsic’s […]


Nic Cicutti: The pension industry’s dirty little secret

Almost 30 years ago, give or take, I bought my first house. It was a small Victorian two-up, two-down terrace, with a downstairs toilet and bathroom accessed through a galley kitchen. The repayment vehicle for our interest-only mortgage was a ScotAm with-profits endowment, for which we paid back £21.40 a month. Back then, our decision […]

Partied out and penniless

December has left me destitute. My piggy bank lies broken and empty, my lunchtime meal deal feels like an extravagant expense and I’m down to the Bountys in my box of Celebrations. But I won’t mourn my dearly departed pennies. Between buying gifts for loved ones (then deciding to keep them for myself) to treating […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm