consolidation

Advice firm consolidator AFH Financial group has raised £1m to fund its further expansion as the group issued new shares ahead of its first day of trading on the Alternative Investment Market (AIM).

IFA and discretionary wealth manager AFH Financial Group has acquired Norwich-based independent financial advice firm Omega Consulting in its second deal of the year.

National wealth manager and IFA acquirer Bellpenny has completed its biggest acquisition to date with the purchase of MDM Associates, adding a further £322m to its funds under management (FUM).

Bellpenny, the national wealth manager and IFA acquirer, has acquired Essex-based Personal & Corporate Financial Solutions (PCFS).

Building a legacy business is trumping a straightforward sell-off for some firm owners

Purchasers of IFA businesses are taking advantage of a "once in a lifetime land grab" as the impact of increased regulation pushes traditional advisers out the industry, according to a consultancy firm.

F&C multi-managers Gary Potter and Rob Burdett give their predictions on what's hot and what's not in the investment space this year, based on their mantra that the only thing that determines how successful an investor you are is the price you pay for...

CONSOLIDATION

Advisers should consider selling their businesses within the next 18 months before prices offered by consolidators fall, according to a consultancy firm.

IFA consolidator and wealth management business Bellpenny has received authorisation from the Financial Services Authority (FSA) today.