Consolidator AFH buys IFA to expand into Scottish market

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AFH has bought out Edinburgh-based Finlay Gow & Company for £657,000 to enter the Scottish advice market.

The consolidation firm said it was its ninth acquisition since the implementation of the Retail Distribution Review (RDR) and brings its funds under management to £820m. Alan Hudson, chief executive of AFH, said: "The last quarter has seen a significant level of activity at the company - a period which has included two successful capital raisings, the acquisition of the assets of Norwich-based Omega Consulting and the company's admission to AIM. "This acquisition marks the significant and growing importance of the company's expansion strategy, increasing the firm's geographical presen...

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