acquisition

Savvy IFAs looking to offload their businesses in the New Year are building up their profits to entice buyers rather than relying on selling on a recurring trail basis, according to a consultancy that deals in adviser merger and acquisitions.

AFH Financial Group has snapped up Welsh IFA AG Financial Planning for £422,000 in what marks its seventeenth acquisition.

IFA network On-line Partnership group has been acquired by US-based asset manager Russell Investments.

AFH Financial Group has acquired Origin Financial, an IFA based in Hagley, West Midlands for £1.1m.

Listed IFA AFH Financial has raised a further £500,000 from private investors for acquisitions, although the firm says it has got not targets in mind.

Bellpenny, the national wealth manager and IFA acquirer, has completed the acquisition of Meridan Park Associates (MPA), an IFA based in Newbury, Berkshire.

Crewe-based Jones Sheridan Financial Consulting has purchased Congleton-based Wealth and Trustee Management, the latest in a string of recent acquisitions.

Ascot Lloyd Financial Services has acquired Suffolk-based financial services company Ensors Financial Planning Limited (EFP).

EXPANSION