AFH freezes acquisition spree amid 'uncertain political climate'

50 acquisitions since AIM listing

Hannah Godfrey
clock • 1 min read

National wealth management firm AFH has put the brakes on its consolidation strategy amid what it described as the "uncertain political and economic climate".

Since being admitted to the AIM market in 2014, the firm has completed 50 acquisitions, which it said provided it the size and profitability the board believed necessary to create "a leading national advice led wealth management group". A market update released on Monday (30 September), however, revealed the firm has decided to pause its acquisition strategy following the completion of ongoing acquisitions. The update said uncertain political and economic conditions would influence investors, and therefore it had decided to de-risk its model. As a result, the firm intends to focus its...

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