AFH Financial assets under management hit £1bn

In a note to the stock exchange, the firm said the milestone had been hit since its last trading update on 4 November last year. In the past year the company has completed seven acquisitions which have brought in an estimated £135m funds under management to AFH and in excess of £700,000 of recurring income. The company listed on AIM in June 2014. Since then more than £100m of funds under management have been added through the acquisitions of Knight O'Byrne, Finlay Gow & Company and Hindsight Financial Services. The total adviser count stands at 137. Chief executive Alan Hudson said it w...