On September 13, 2012, ftadviser.com reported that wealth management firm AFH Financial Group had purchased competitor Elgar Financial for £120,000.
On September 13, 2012, ftadviser.com reported that AFH Financial Group had purchased Elgar Financial. Headquartered in Bromsgrove, U.K., AFH is a wealth management and independent financial advisory firm. AFH reportedly paid £120,000 for Elgar Financial, a Hereford, U.K.-based competitor of AFH. The transaction is part of AFH’s overall plan to take advantage of the sector’s consolidation.
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