23rd Aug 2018 10:39
LONDON (Alliance News) - Wealth management firm AFH Financial Group PLC said on Thursday it has bought the client portfolios of Harvey Curtis LLP, based in West Sussex, for a maximum price of GBP2.6 million.
As a result, estate agents Nigel Poole and David Clark will join AFH and continue to work with their existing clients.
AFH will initially pay GBP1.2 million, and then make deferred payments over the next 26 months, subject to performance targets.
"Our tenth acquisition of the financial year is the client portfolio of an established IFA business in West Sussex. I am pleased to welcome Nigel and David, together with their team, to AFH and look forward to further developing the company's presence in the South East," said Chief Executive Alan Hudson.
Shares in AFH Financial Group were untraded on Thursday, last quoted at 330.00 pence.
Related Shares:
AFHP.L