AFH buys London-based Parker Sage for up to £5.6m

Parker Sage provides independent financial advice in Canary Wharf, London and the northern home counties and, following the deal, directors Jon Cliston, Tony Goody and Andrew Smith have joined the AFH Group. Financial planning-led wealth manager AFH confirmed that, under the terms of the acquisition, the initial purchase price of £4.5m could be increased to a maximum consideration of £5.6m, based on a targeted increase in the profitability of Parker Sage over the next 24 months. The company added the initial consideration for the acquisition would comprise £1.875m in cash, funded from...