AFH Financial buys IFA Origin for £1.1m

The acquisition is the company's sixteenth since listing on ISDX  in June 2011 and the third since the Retail Distribution Review (RDR) was implemented on 1 January 2013. Origin  has  about £88m funds under management for  clients  throughout  the  West Midlands. In the year ended 31 December 2012, Origin had revenues of about £770,000 of which £440,000 was recurring income. All advisers and staff will remain with the company, including Andrew  Smith, current  CEO, who will become a divisional director. The business will, after a  short  integration period, operate from AFH's Bromsg...