Warwickshire IFA bought for up to £615,000

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...