AFH buys Hertfordshire-based IFA for up to £1.6m

Second acquisition in two days

Julian Marr
clock • 2 min read

AFH has completed the sixth advice firm acquisition of its financial year - and its second in two days - after buying Hertfordshire-based Mark Hughes & Associates for up to £1.6m.

Managing director Mark Hughes will join AFH as an adviser along with his team following the acquisition. Under the terms of the deal, the purchase price is expected to be between £1.2m and £1.6m - based on the ongoing profitability of the business subject to the fulfilment of certain financial targets. The firm has some 300 clients across London and the Home Counties and, according to AFH, the acquisition is expected to contribute an aggregate of approximately £600,000 a year of revenue to the company while adding more than £50m to its funds under management. It added: "The initial co...

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 Companies

PhillipCapital eyes Walker Crips takeover with £6m bid

PhillipCapital eyes Walker Crips takeover with £6m bid

Amid significant regulatory, compliance and liquidity challenges

Isabel Baxter
clock 24 November 2025 • 3 min read
The Penny Group takes majority stake in £350m AUM advice firm

The Penny Group takes majority stake in £350m AUM advice firm

Will integrate with Harridge Financial Services over a three-year timeframe

Isabel Baxter
clock 21 November 2025 • 2 min read
Tatton AUM up almost 30% to £25.8bn during 'strong period of growth'

Tatton AUM up almost 30% to £25.8bn during 'strong period of growth'

Interim results for the six months to 30 September

Jenna Brown
clock 18 November 2025 • 2 min read