AFH Financial Group Plc Funds Under Management exceeds £1 billion (8380B)
12 Janvier 2015 - 8:00AM
UK Regulatory
TIDMAFHP
RNS Number : 8380B
AFH Financial Group Plc
12 January 2015
12 January 2015
AFH FINANCIAL GROUP PLC
("AFH" or the "Company")
Funds Under Management exceeds GBP1 billion
The Board of AFH, a leading financial planning led investment
management firm, is pleased to announce an update on its funds
under management ("FUM") as at 31 December 2014. Since the
Company's trading update dated 4 November 2014, the Company's FUM
have exceeded GBP1 billion.
Over the past 12 months, the Company has completed seven
acquisitions which have brought in an estimated GBP135 million FUM
to AFH and in excess of GBP700,000 of recurring income. Since the
Company listed on AIM in June 2014, in excess of GBP100 million of
FUM have been added through the acquisitions of Knight O'Byrne,
Finlay Gow & Company and Hindsight Financial Services. The
total adviser count stands at 137.
Alan Hudson, Chief Executive of AFH, said: "We are pleased to
have broken through the GBP1 billion FUM figure at the start of
2015 - a significant milestone for the Company's development and in
the journey towards AFH becoming one of the UK's leading IFAs.
"We remain well positioned to take advantage of IFA market
consolidation and, at the start of 2015, the Company's acquisition
pipeline is strong and focused on both small and larger IFAs
looking to benefit from being part of a wider listed group. AFH
remains well funded to pursue opportunities, particularly following
the successful first closing of the loan note issue as previously
announced, and we look forward to keeping shareholders
updated."
Enquiries:
AFH Financial Group PLC 01527 577 775
Alan Hudson, Chief Executive Officer
Paul Wright, Chief Financial Officer
www.afhfinancialgroup.com
Allenby Capital Limited 020 3328 5656
(Nominated Adviser and Broker)
Nick Naylor
Chris Crawford
Nick Athanas
Yellow Jersey PR Limited 07768 537 739
Dominic Barretto
Kelsey Traynor
This information is provided by RNS
The company news service from the London Stock Exchange
END
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