AFH boosts FUM by £44m with two more IFA acquisitions

Following the acquisitions, AFH said, Aberdeen director Mike Murray will join the firm as an adviser based in Aberdeen while the other vendors will retire, with their clients being serviced by existing AFH advisers. Under the terms of the acquisition s, the maximum consideration payable by AFH of £1.076m represents approximately 2.45% of the £44m FUM acquired. With the Aberdeen deal, the maximum amount AFH will pay is £556,500. An initial payment of £294,000 was made upon completion from AFH's existing cash resources. Further deferred consideration of up to £262,500 will be payable in...