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

Advice firms target 17% average growth amid tech and productivity challenges

Advice firms target 17% average growth amid tech and productivity challenges

Research from Owen James reveals

Sophia Panayi
clock 01 July 2026 • 2 min read
Clifton Wealth Partnership snaps up Suffolk financial planning firm

Clifton Wealth Partnership snaps up Suffolk financial planning firm

Brings total AUM to £4bn

Sophia Panayi
clock 01 July 2026 • 2 min read
Lib Dem MP presents Child Savings Account Bill to House of Commons

Lib Dem MP presents Child Savings Account Bill to House of Commons

John Milne’s bill passes for second reading in 2027 under Ten Minute Rule

Sophia Panayi
clock 01 July 2026 • 3 min read