AFH completes acquisition of Barnsley-based IFA

Initial price of £257,000 in cash

Victoria McKeever
clock • 2 min read

AFH has completed its acquisition of Barnsley-based IFA Lifetime Investment & Seminar Services, in a deal that will see the firm's principal Mark Penty retire.

Lifetime Investment & Seminar Services' 300 clients, who are based primarily in South and West Yorkshire and Lincolnshire, will now be served by AFH advisers. Initial consideration will be £257,000 in cash, funded by AFH's existing cash resources. Further deferred consideration - up to a maximum purchase price of £0.5m - will be payable in cash over the next 26 months in two tranches, subject to performance criteria of the assets acquired being achieved. Set up by Penty in 2011, Lifetime Investment & Seminar Services specialises in presenting retirement seminars and providing investme...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

WIFA entry tips from the judges: Insight into what makes a standout entry

WIFA entry tips from the judges: Insight into what makes a standout entry

Gillian Hepburn and Sam Slator in the studio

Professional Adviser
clock 10 June 2026 • 1 min read
Small firms to file accounts with Companies House from 2028

Small firms to file accounts with Companies House from 2028

Must file profit and loss accounts but can opt out of publication

Sophia Panayi
clock 10 June 2026 • 2 min read
FCA deputy CEO: Regulator cannot scale financial inclusion initiatives alone

FCA deputy CEO: Regulator cannot scale financial inclusion initiatives alone

FCA deputy CEO Sarah Pritchard speaks to Treasury Committee

Sophia Panayi
clock 09 June 2026 • 3 min read