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AFH buys Hertfordshire IFA in fourth deal of 2018

Consolidator AFH has secured yet another advice firm acquisition, this time picking up Hertfordshire-based Harrison White FS Limited. AFH has paid an initial £362,000 in cash for the firm, with the maximum price set at £738,000 if Harrison White hits profitability and other financial targets. These payments will come in two traches over the next […]

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Nucleus lines up float

Nucleus could become the latest adviser-backed platform to float as reports emerge that it has appointed a broker to oversee a stock market listing. The platform currently has around £13bn of assets under administration, and is eyeing a float valuation upwards of £100m, according to Sky News. Nucleus had been eyeing a float in 2016, […]

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Old Mutual Wealth to spend £44m on 2017 acquisitions

Old Mutual Wealth will spend £44m on advice businesses acquired in 2017, including £24m on its purchase of network Caerus. Old Mutual Plc published its 2017 annual report today, which shows the Caerus deal was made up of a £15m cash consideration, £3m deferred for two years, and £6m deferred for three years. The completion of […]

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