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...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- 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
