Discretionary wealth manager AFH Financial Group has floated on the PLUS-quoted market following a successful subscription raising £1,757,000.
The company exceeded its original fundraising target and the proceeds of the fund raising will now be used for additional working capital and to finance acquisitions. In 2009, AFH acquired the IFA-arm of the West Bromwich Building Society. Established in 1990, the Bromsgrove-based firm currently has around 50 financial advisers serving the mass affluent market.
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