AFH Financial Group has acquired the assets of Stoke-on-Trent based firm, SR Wealth Management, for £195,000.
SR Wealth currently holds approximately £10.2 million of funds under management and had recurring income of £63,000 in the most recent financial year. Their clients will move to AFH, who have made seven acquisitions since their RDR twelve months ago.
Alan Hudson, chairman and chief executive of AFH, said: "As expected, RDR continues to drive consolidation within the industry; we remain committed to capitalising on this opportunity by making well-timed, select investments that complement our dynamic business. We welcome the clients of SR Wealth Management and look forward to providing them with the high quality service consistently delivered by our professional team of advisors."