StockMarketWire.com – AFH Financial completed Monday the acquisition of the client portfolios of Lifetime Investment and Seminar Services based in South Yorkshire for an initial £257,000.
The maximum purchase price was set at £0.5m and depends upon performance criteria of the assets acquired.
Following the acquisition, the clients of Lifetime Investment and Seminar Services will be serviced by existing AFH advisers and the principle Mark Penty will retire.
‘This latest acquisition, the fifth during the current financial year, continues our strategy of providing a stable and well capitalised business within which successful IFAs can continue to provide their clients with professional advice and investment opportunities, both on a personal basis and in retirement,’ said Alan Hudson, Chief Executive of AFH.
At 9:46am: [LON:AFHP] AFH Financial Group Plc share price was -2p at 342p
Story provided by StockMarketWire.com
This Article Was Originally From *This Site*
Powered by WPeMatico