Double acquisition for AFH

Roxborough Consultancy was headed up by principal Malcolm Hamilton-Martin who will now retire and is active areas including the mortgage, insurance, investment and tax markets.

In addition AFH has also acquired First Class Financial Management in West Bromwich. Both deals see an additional £55m come under AFH management.

Alan Hudson, chief executive of AFH, said:“We continue to seek, select and complete opportune acquisitions in a post-RDR world.

“Today’s news takes the Company to six acquisitions in only seven months since we migrated from ISDX to AIM.

“We offer IFA businesses, of all sizes irrespective of geography, the opportunity to either become part of a larger group or to allow the principals of those businesses the ability to realise value as they retire.

“We intend to focus our acquisition strategy on retiring IFAs over the coming months as part of our overall growth strategy.”