Meritor deal signals AFH's professional connection ambitions

According to the financial planning-led wealth management firm, the deal is expected to add approximately £330,000 of annual recurring revenue and the initial consideration is £330,000 in cash, funded from its existing cash resources. Under the terms of the acquisition, it added, further deferred consideration will be payable in cash over the next 14 months, subject to performance criteria of the assets acquired being achieved and up to a maximum purchase price of £0.53m. Financial adviser Karen Pincher will join AFH's advice team as part of the deal and will continue to work with Fre...