AFH Financial Group has snapped up Welsh IFA AG Financial Planning for £422,000 in what marks its seventeenth acquisition.
The firm has so far paid £195,000 in cash, which will be followed by a further £227,000 depending on the performance of AG Financial in the 24 months following completion.
The firm raised £500,000 for acquisitions from private investors last month saying it had no targets in mind at the time.
The acquisition marked the company's seventeenth since listing on ISDX in June 2011 and its fourth since the Retail Distribution Review (RDR) was implemented on 1 January 2013.
Previous take-overs included Cheltenham-based Specialist Solutions and Nottingham-based high net worth IFA Arden Court Group.
AFH chairman and chief executive Alan Hudson said: "I am pleased to welcome Robert and his clients to our growing advisory team. This transaction underlines our strategy of making synergistic acquisitions which enhance our existing offering."
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