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

Advice veterans launch wealth firm with ex-England Rugby star

Advice veterans launch wealth firm with ex-England Rugby star

Derek Miles and Kyle Augustin unveil Nine Edge Wealth and appoint Matthew Dawson

clock 18 March 2026 • 2 min read
Fintel CEO on platform joint venture and AI plans

Fintel CEO on platform joint venture and AI plans

Believes many current AI solutions will ‘soon become commoditised’

Isabel Baxter
clock 17 March 2026 • 3 min read
Plannr launches mobile app for advice firms

Plannr launches mobile app for advice firms

Extends its client portal to mobile

clock 17 March 2026 • 2 min read