AFH buys client portfolios of Beaufort Securities' Colwyn Bay office

Adds up to £130m FUM

Julian Marr
clock • 1 min read

AFH has paid £250,000 to the administrators of Beaufort Securities to acquire the client portfolios of the collapsed discretionary fund manager's Colwyn Bay office.

The consolidator business, which yesterday bought the client portfolio of Wiltshire-based Emery Little Financial Services for up to £1.6m, said the deal would be funded from its existing cash resources. An initial payment of £50,000 will be made to the joint special administrators of Beaufort Asset Clearing Services and the joint administrators of Beaufort Securities, with the balance paid on the achievement of certain milestones. As a result of the transaction, which adds up to £130m of funds under management to the business, Laurie Beevers and Andrew Jones intend to join AFH Private We...

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

Old Mill and Brook Financial join the Kinbrook Group

Old Mill and Brook Financial join the Kinbrook Group

Both will continue to operate under respective brands following the deal

Isabel Baxter
clock 03 November 2025 • 2 min read
BRI Wealth Management completes FutureFocus Advisory acquisition

BRI Wealth Management completes FutureFocus Advisory acquisition

Deal brings £40m in assets under management

Isabel Baxter
clock 03 November 2025 • 2 min read
Former St James's Place execs launch advice firm support service

Former St James's Place execs launch advice firm support service

Exclusive: Claire Blackwell and John Owen unveil The NexStage

Isabel Baxter
clock 03 November 2025 • 4 min read