AFH grows portfolio again with new acquisition
Worcestershire IFA, AFH, has strengthened its presence in the market with a further acquisition.
The Bromsgrove group has acquired the business and assets of CH Financial, an FCA authorised IFA based in Hemel Hempstead with more than £70m of funds under management, mainly for clients in London and the Home Counties.
In the year ended March 2013, CH Financial had revenues of £559,000, of which £333,000 comprised recurring income.
The deal sees David Chenkin, the vendor of CH Financial, join AFH.
The deal comprises an i... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
