Harwood WM buys AE Financial Services for up to £4.6m

The UK-based financial planning and discretionary wealth management business said the deal, which has been approved by the FCA, would provide Harwood with "a strategic hub" in Southampton and enhance "its already established and growing presence along the South Coast". It also looked forward to further M&A activity "in the period ahead". In a statement, the group added: "AE Financial will continue to operate as a standalone brand and will benefit from Harwood's processes, technology and investment strategies. This is the group's most significant acquisition to date and demonstrates Harwo...