Freeths sells financial advisory business

Meritor, the financial advisory arm of Leicester and Nottingham law firm Freeths, has been sold to AFH Financial Group in a deal worth up to £530,000.

Alan Hudson, chief Executive of AFH, said: “This latest acquisition will continue the expansion of our national distribution in our core mass affluent and high net worth client base. The acquisition of the assets of Meritor provides a pathway to work with Freeths in the future to provide their clients with access to the AFH advice and asset management model and gain advantage from the scale that AFH provides.

“We are aware of a number of similar businesses linked to legal and audit practices that are deemed non-core to those organisations. We believe that the mutual benefits of this transaction will demonstrate the commercial advantages to similar organisations and their clients in the future.”

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