AFH Financial Acquires Specialist Solutions

June 28, 2012

On June 26, 2012, WealthBriefing reported that AFH Financial Group had acquired Specialist Solutions, an Independent Financial Advisory firm based in Cheltenham, UK, for an initial payment of £100,000.


On June 26, 2012, WealthBriefing reported that AFH Financial Group plc had acquired Specialist Solutions.  AFH will reportedly make an initial payment of £100,000, and pay up £625,000 over the next two years, to purchase both the assets and goodwill of Specialist Solutions.  Specialist Solutions is an Independent Financial Advisory firm based in Cheltenham, UK with approximately £80 million in assets under management.  AFH is a UK-based, publically traded wealth management firm.  This acquisition will be AFH’s eighth acquisition since its public offering in June 2011, and will increase AFH’s number of advisors to 88. 

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Categories

Investment Manager M&A, Transactions