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Consolidator snaps up law firm’s advice arm

AFH Alan Hudson 700
Alan Hudson

Consolidator AFH has bought the assets of Meritor, the financial advisory business of law firm Freeths.

AFH will pay a maximum of £530,000 for the business, dependent on its performance. AFH expects the business to add around £330,000 of annual revenue.

AFH chief executive Alan Hudson says: “This latest acquisition will continue the expansion of our national distribution in our core mass-affluent and high-net-worth client base.”

Hudson says the Meritor acquisition will allow AFH to work with Freeths’ clients on financial advice and asset management.

He says: “We are aware of a number of similar businesses linked to legal and audit practices that are deemed non-core to those organisations. We believe that the mutual benefits of this transaction will demonstrate the commercial advantages to similar organisations and their clients in the future.”

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