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

Essex advice firm declared failed

Essex advice firm declared failed

Kapwealth is no longer trading

Isabel Baxter
clock 15 May 2026 • 2 min read
'Netflix for your finances': Money coaching startup targets advice gap

'Netflix for your finances': Money coaching startup targets advice gap

Jess Biggs launches Harman Wealth

Sophia Panayi
clock 13 May 2026 • 3 min read
Open letter urges NS&I regulation and authorisation

Open letter urges NS&I regulation and authorisation

Letter sent to interim CEO Jim Harra by The Family Building Society

Isabel Baxter
clock 13 May 2026 • 2 min read