Wealth management firm AFH has acquired Lancashire-based independent financial advisory business IFA David Rushton Associates.
The acquisition will add £16.5m of funds under management (FUM) to AFM’s books. Vendor David Rushton will join AFH as part of the deal.
Go deeper with GlobalData
AFH has paid an initial £157,500 in cash and will pay an additional £140,625 in cash over the next 26 months based on the performance of the assets bought from David Rushton.
AFH CEO Alan Hudson said: "This acquisition will strengthen our position in the North West and I look forward to working with David to continue the development of AFH in the region.
"The acquisition of the assets of David Rushden follows the strategy restated in our recent trading update of making selective acquisitions to develop our expansion nationally and leverage our central investment and support functions."
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.
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
