Warwickshire IFA bought for up to £615,000

50 AFH acquisitions since AIM listing

Sophie King
clock • 1 min read

AFH has completed the acquisition of the client portfolios of Warwickshire-based Groom Associates for the initial sum of £321,000.

The consolidator said the acquisition was funded from existing cash resources and will be payable over the next 26 months, with the maximum purchase price being £615,000. As a result of the acquisition, AFH said Groom Associates directors Bill Groom and Annabelle Duncan will retire. AFH chief executive Alan Hudson said: "Our eighth acquisition of the financial year is the client portfolio of an established IFA business in Studley." The AFH chief wished both Groom and Duncan a happy retirement, adding: "The business provides a complimentary fit to AFH's core business and I am confid...

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

Clifton Wealth Partnership buys Essex advice business

Clifton Wealth Partnership buys Essex advice business

Cutting & Carter purchase adds £60m AUM

Jen Frost
clock 01 April 2026 • 2 min read
FSCS declares Heritage Pensions in default

FSCS declares Heritage Pensions in default

Entered liquidation on 17 March 2022

Isabel Baxter
clock 01 April 2026 • 2 min read
Evelyn Partners completes employee benefits arm sale

Evelyn Partners completes employee benefits arm sale

Sold to Howden

Isabel Baxter
clock 01 April 2026 • 1 min read