AFH acquires assets of CRS Financial Planning

The deal, which will cost AFH up to £663,670, representing approximately 2.6% of CRS's funds under management, will see vendor Chris Stapleton retire from the business and the firm's existing clients now serviced by AFH advisers. According to AFH, an initial £378,920 from the company's existing cash resources was paid upon completion, while "deferred consideration of up to £284,750 will be payable in cash over the next 26 months in two tranches, dependant upon performance criteria of the assets acquired from CRS". AFH chief executive Alan Hudson said: "The acquisition of the assets of...