AFH Financial buys two IFA firms

AFH has bought Buckinghamshire-based Racol Financial Services for £160,000 and Redditch-based Seager Financial for £31,000 making the deal worth £191,000 in total. Racol founder Ray Collingridge will retire following the acquisition and his daughter will join AFH as an IFA. The founder of Seager Financial Consultancy Limited, Ian Seager will step down as an IFA but join AFH as a member of its business development team. Seager was formerly a member of the Lighthouse network while Racol was part of the On-Line Partnership. AFH chief executive Alan Hudson said: "Today's transaction...