UK advice firm continues massive acquisition spree
AFH buys financial planner firm for a maximum purchase price of £3.5m in its first deal of 2019
AFH buys financial planner firm for a maximum purchase price of £3.5m in its first deal of 2019
Standard Bank South Africa gets first black woman as chief executive
Advice firm says there is money in the bank to buy more advice businesses
A source close to the firm told International Adviser that it expects to make more acquisitions before 2019
Twelfth M&A deal by financial planning firm in less than a year
Wealth manager buys 11th firm in a year
The deal will add £80m to the UK firm’s existing £3.3bn in funds under management
UK investment management company AFH Group has blasted platforms as too expensive and announced the company will be absorbing fees for new clients and scrapping them for existing clients.
Advice firm consolidators looking to make further acquisitions could be out of luck if a survey published by platform Nucleus is taken at face value.
Private equity and product providers are driving up the cost of buying bigger IFA businesses, according to serial acquirer AFH Wealth Management.
IFA consolidator AFH has pulled out of a potential bid to acquire Lighthouse as it sees “limited growth prospects” for the national advice firm.
AFH Financial Group has announced the purchase of Independent Financial Services in the firm’s largest ever acquisition.