IFA acquirer AFH Financial adds £55m assets with double buy

clock

IFA consolidator AFH Financial has acquired the assets of two advisory businesses, adding £55m in client funds.

The deals for Oxfordshire-based Roxborough Consultancy and First Class Financial Management in West Bromwich were completed in December and represent the fifth and sixth acquisitions since AFH listed on AIM in June 2014. Under the terms of the acquisition of Roxborough, the maximum consideration payable is £911,760 in cash - with an initial payment of £476,760 - followed by a potential further £435,000 payable over the next 26 months depending on performance. Under the terms of the acquisition of the assets of First Class, the maximum consideration payable by AFH is £84,000. AFH sa...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

FCA plans to ensure liquidity mismatches do not 'threaten financial stability'

FCA plans to ensure liquidity mismatches do not 'threaten financial stability'

Although good practice exists

Alex Sebastian
clock 09 December 2025 • 2 min read
Bridging the gulf between education and pursuing a career in advice

Bridging the gulf between education and pursuing a career in advice

'There's a pressing need for fresh infusions of young talent into the advice sector'

Steve Nelson
clock 09 December 2025 • 4 min read
Why the path to financial advice isn't necessarily narrow

Why the path to financial advice isn't necessarily narrow

Advice offers a fantastic opportunity to set your own parameters for a fulfilling work-life balance

Roger Brosch
clock 09 December 2025 • 4 min read