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.
