AFH, a UK-based financial planning led wealth management firm, has acquired Harrison White, a Hertfordshire-based advisory firm.

Harrison White founder Steve White will join AFH as an adviser as part of the deal.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

The deal consideration includes an initial cash payment of £362,280, which has been funded from the firm’s existing cash resources.

AFH will pay a maximum of £738,000 for the acquisition, based on the fulfilment of certain targets. The payments will be made in two tranches over the coming 26 months.

The deal will add around £410,000 in annual revenue and £55m in funds under management to AFH’s books.

AFH CEO Alan Hudson said: “I am pleased to report our fourth acquisition of the financial year which further strengthens our presence in the Home Counties.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

“Steve maintains a strong local network through his sporting connections and I look forward to working with him for the benefit of our new clients and to increase shareholder value.”