Revenues set for big hike at wealth management firm

Bromsgrove-based wealth management firm AFH says it expects its full-year revenue to rise by almost a third to £74m.

The acquisitive firm said this morning (11 November) that turnover should top £74m for the 12 months to 31 October – up from £50.6m in 2018. AFH said over £29m of this will come from new business.

AFH has made eight acquisitions during the year.

Alan Hudson, chief executive, said: “The performance of AFH over the course of the year demonstrates the success of the Group’s strategy and business model. We maintained our strong levels of growth, both organically and through acquisitions, and continue to deliver on our ambitious targets.”