AFH acquires David Rushton Associates for £298,000

The move will add £16.5m to AFH's funds under management (FUM) and see vendor David Rushton join the firm. AFH has paid £157,500 in cash upon completion of the deal, with a further £140,625 payable over the next 26 months, depending on the firm's performance. The acquisition marks AFH's first corporate transaction of the current financial year (from November). In October it acquired East Anglia-based CRS financial planning in a deal that brought £25m of funds to the group. The firm reiterated its strategy of making selective acquisitions only in a recent trading update. It said it ...