Wealth manager AFH Financial Group has acquired three Midlands-based IFA businesses for £371,500.
The IFA and discretionary investment manager said the businesses will bring it more than 1,300 new clients and provide further opportunities to sell advice-related services and increase recurring revenues.
It said the fragmented nature of the advisory market in the run up to the Retail Distribution Review (RDR) is providing a host of acquisition opportunities.
Since June, AFH has increased its adviser headcount by 17% and the firm now has over 100 staff members.
Two global vehicles
'Further plug advice gap'
Must appoint separate CEOs and boards
Advisers do come out well
Will report to Mark Till