AFH has made its 17 acquisition of the year, with the £890,000 deal to buy a Kent advice firm.
The deal to buy CWP Financial Services will see director Bob Perry retire and the firm's clients serviced by existing AFH advisers.
Alan Hudson, chief executive of AFH, said: "This latest acquisition further enhances our position in the south east of England and continues our strategy of providing a stable and well capitalised business within which the clients of retiring IFAs can continue to receive appropriate professional advice and investment management."
During 2016 AFH made 14 acquisitions and last year the company made 16, so the deal to buy CWP means 2018 has been AFH's busiest for several years.
As part of the deal AFH will pay £470,000 upfront in cash and the remaining money will be paid over the next 26 months depending on performance criteria being met.
Yesterday (November 12) AFH revealed its funds under management had grown from £2.8bn in October 2017 to £4.5bn in the same month this year.
The company's recent buying spree also helped boost its revenues, pushing them up by 49 per cent to more than £50m in the 12 months to the end of October.
damian.fantato@ft.com
