The chief executive of AFH Financial Group said: “We see this move as an excellent way of attracting new and talented advisers. There is a huge comfort factor for advisers to know that the financial affairs of their clients are being managed by a publicly quoted business, with the high degree of transparency that it brings.
“We believe it is firmly in line with the post-RDR model of advice that calls for a highly professional business structure.”
Mr Hudson said the Worcestershire-based group had attracted advisers in increasing numbers since its listing on ISDX in 2011.
He said: “Two-thirds of our advisers have approached us proactively; only a third of them have come through business acquisition.
Advisers are interested in our business, he sakid, because of the support it can provide them and their clients.
He said: “It is imperative to have the financial flexibility to respond to this rapidly evolving market. The ability to tap in to cost-effective capital not only allows us to acquire complementary businesses within the IFA and related financial services sectors, but it also gives us the power to raise additional capital to continue reinvesting in infrastructure and improve our client service experience.”
AFH Wealth Management provides strategic financial advice to individuals and corporate clients which is underpinned by its own technical and investment teams. The vertical structure of the business ensures each financial services discipline is given equal weight which is part of the firm’s strong culture and ethos.
Mr Hudson added: “This listing gives us the capacity to attract quality advisers who can benefit from the flexible retirement and Practice Buyout options offered by the Group and a clearly defined exit strategy.”