AFH Financial Group Plc will acquire the assets of London-based independent financial adviser Taylor Frost Wealth Management Ltd. from Keith Taylor for a maximum consideration of about £1.2 million.

AFH Financial paid an initial cash consideration of £595,000, with two further cash payments totaling £650,000 due over the next 26 months, subject to performance criteria of the acquired assets.

Taylor Frost Wealth Management will add about £45 million to AFH Financial's funds under management, while Keith Taylor will join the company as an adviser.

The latest deal is AFH Financial's fourth acquisition of the financial year, and follows deals for Aberdeen Wealth Management Ltd. and Shield Direct Ltd.