Wealth manager increases presence in key market with £2m acquisition
Wealth management group AFH has further expanded its portfolio of IFAs with the acquisition of a firm in Essex in a deal which could be worth more than £2m.
The Bromsgrove-based group has acquired Britton Financial, based in Colchester. Following the acquisition, the former owner of the firm, Ken Kerr, will retire and the clients of Britton will be transferred to existing AFH advisers.
Under the terms of the acquisition, the maximum purchase price for the firm is £2,081,000 based on the ongoing recurring revenue of the firm su... For the full story register now for free or login below...