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

Frenkel Topping reports growth, outlines cyber incident impact ahead of £65.8m sale

Frenkel Topping reports growth, outlines cyber incident impact ahead of £65.8m sale

Deal court hearing set for July following FCA approval

Jen Frost
clock 17 June 2026 • 2 min read
Nine Edge Wealth opens London office

Nine Edge Wealth opens London office

Located on Bloomsbury Way

Sophia Panayi
clock 16 June 2026 • 2 min read
Advisers' continued shift towards MPS sees Tatton AM hit £24.2bn in AUM/I

Advisers' continued shift towards MPS sees Tatton AM hit £24.2bn in AUM/I

May hit £30bn target early as adviser numbers grow

Isabel Baxter
clock 16 June 2026 • 3 min read