In a statement to the London Stock Exchange, the company, which listed on the ISDX exchange in June 2011, said it would be making a move onto Aim as part of its growth plans.
It said it would release its year-end results on 31 March, when it will provide an update on the move to Aim, which would see it sit alongside national advisory firm The Lighthouse Group.
Alan Hudson, CEO of AFH, commented: “We believe that given the fundamentals of the business and the nature of the IFA market, the time has come for a move to Aim.
“The increased profile will assist the company in its aim to expand through strategic acquisitions and organic growth.”
Since it listed on the ISDX, AFH has bought 20 advisory practices. The company has acquired seven in the past year alone.
Background
AFH recently appointed Paul Wright to the post of chief financial officer and Sue Lewis was hired as a non-executive director. Mr Wright was previously group chief financial officer for a number of UK-listed companies, while Ms Lewis is a senior partner and commercial solicitor at international law firm, Eversheds.
Within the existing team, Toby Denne, a non-executive director of the company, recently became its executive director and chief investment officer, responsible for investment management.
