AFH completes acquisition of Barnsley-based IFA

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...