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AFH Financial Group acquires financial adviser J W Wealthcare

AFH Financial Group Plc completed Dec 4. its acquisition of financial adviser J W Wealthcare Ltd. for a combined maximum purchase price of £1.1 million in cash.

The payment will be made in four tranches over the next 26 months, depending on targeted performance criteria. Following the transaction, John Walpole, J W Wealthcare director, will john AFH Financial as an adviser.

The purchase is expected to add an aggregate recurring revenue of around £300,000 to AFH Financial.