Consolidator AFH takes assets beyond £900m with buy

clock

AFH Financial has acquired the assets of Cornwall financial planning business Knight O'Byrne for a possible £1.2m.

The acquisition adds £51m of funds under management, taking the company's total above £900m. Chartered financial planner Diane Knight and Bridget O'Byrne will join AFH as advisers. AFH could pay a maximum £1.2m for the assets, comprising an initial sum of £525,000 followed by three further considerations totaling £675,000 which will be dependant on performance. Knight O'Byrne represents AFH's fourth acquisition since it listed on AIM in June. Chief executive Alan Hudson said: "AFH further cements its position as a leading UK IFA by selective acquisitions including Knight O'Byrne. C...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

'Nobody is big enough not to be bought'

'Nobody is big enough not to be bought'

Roderic Rennison on the future of deals in the advice industry

Isabel Baxter
clock 20 March 2026 • 1 min read
PA Awards 2026: Photos from the night

PA Awards 2026: Photos from the night

Celebrating the advice profession's best

Professional Adviser
clock 20 March 2026 • 1 min read
Feel Good Friday: PA Awards attendees raise £15,000 for Go Beyond

Feel Good Friday: PA Awards attendees raise £15,000 for Go Beyond

Best amount ever raised

Professional Adviser
clock 20 March 2026 • 1 min read