Wealth management firm makes 10th acquisition
Wealth management firm AFH has made its tenth acquisition of the financial year as it continues to pursue its consolidation strategy.
It has bought Harvey Curtis in West Sussex in a deal which could be worth up to £2.63m.
The deal adds to AFH’s capacity in the South East, where chief executive Alan Hudson sees “a lot of potential for growth”.
He said: “This deal shows AFH remains an attractive place for IFA companies of all sizes, whether they want to grow their business, serve their customers better or find a good home while they exit the industry.”
Harvey Curtis – which takes its name from the middle names of founders Nigel Poole and David Clark – adds £80m to the group’s funds under management.
Harvey Curtis grew in part through the team’s developing expertise in absorbing insolvent IFA practices and it now has more than 1,300 clients across the South East and London.
Poole said: “With the departure of the banks, it’s become increasingly difficult to find young advisers, and with the ever-increasing regulation we felt we needed new blood to be able to continue to offer the best service to our clients.
“We met Alan and saw we had the same ethos of putting clients front and centre, so it made sense to join forces. Now our clients get the benefit of the incredible support the AFH back-office teams provide, and we can devote ourselves 100% to working with our clients to deliver what they want and need.”
