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.
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