AFH buys Shape Financial

The acquisition of Shape financial is the 14th acquisition by the company since its IPO in June 2011.

Alan Hudson, chairman and chief executive of AFH, said: "Today's acquisition further advances our successful strategy of growing the Company both organically and through select and well-timed acquisitions.

“Importantly Shape Financial is a strong cultural fit for AFH and their Somerset outpost provides a platform from which the company can extend its reach into the South West region."

Shape Financial is an FCA authorised, Somerset-based IFA which reported a turnover of £1.5m in its most recently completed financial year.

The acquisition brings 16 new advisers, including all 5 shareholder directors of Shape Financial, to the company's current total of 104 advisers.

The new advisers will continue to operate out of Shape Financial's Somerset-based office, broadening AFH's presence into the South West of England.