consolidation

Consolidation in the wealth sector

Two very different mandates

Investors voted in favour of the merger

Consolidator AFH Financial has acquired two more advisory firms, bringing its total acquisitions in the last year to twelve.

Tavistock Investments has taken over Duchy Independent Financial Advisers, continuing a wave of consolidation in the IFA market.

Wealth consolidator AFH has made its tenth deal in less than a year with the acquisition of a national advisory firm.

IFA consolidation business AFH has bought Clarendon Financial Solutions for £461,000.

Adviser firm consolidator AFH Financial Group has acquired the assets of CIB Wealth Management, including its five advisers and principal, in a deal worth up to £973,000.

Consolidator AFH Financial has acquired Kidderminster-based advice firm K.L. Plester Financial Services for £1.7m.

Fund rationalisation may be coming to an end after a few years of groups actively cutting their product ranges, according to Fitch Ratings.