View more on these topics

AFH makes first 2018 purchase with Hertfordshire IFA

AFH Alan Hudson 700
Alan Hudson

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 5 January and following the acquisition Nigel Parbrook will join AFH as an adviser.

AFH chief executive Alan Hudson says the deal is the consolidator’s third for the financial year.

AFH: What does the future hold for the market’s most acquisitive firm?

He says: “This latest acquisition further increases our capacity in the South East of England and I look forward to working with Nigel for the benefit of our new clients and to increase shareholder value.”

AFH acquired Chichester-based J W Wealthcare in a £1.1m deal in December, which followed its acquisition of Britton Financial for more than £2m in November. AFH completed 13 deals in the 12 months to November 2017.

Recommended

AFH Alan Hudson 700

AFH buys Chichester advice firm for £1.1m

Wealth manager AFH has acquired Chichester-based J W Wealthcare in a £1.1m deal. The firm is the second acquisition in just two months after AFH bought Britton Financial for more than £2m in November. AFH completed 13 deals in the past financial year. A stock exchange announcement says AFH will also take on the head […]

General-Business-Handshake-Hire-Appointment-700x450.jpg
1

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 […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment