Shape acquisition expands AFH

AFH has acquired Shape Financial, a Somerset-based financial adviser with a £1.5m turnover, as it looks to boost its presence in the south west.

Portfolio Adviser


AFH, an IFA and discretionary management firm, paid an initial £125,000 for the acquisition from cash resources. A maximum £1.5m may be payable after 15 months and 27 months, depending on the profitability of Shape Financial in the two years following the acquisition.

Shape Financial has 16 advisers, including five shareholder directors, all of which will continue to work out of the firm’s Somerset office.

The deal marks the firm’s 14th acquisition since its IPO in June 2011, and brings its adviser teams to 104.

Bellpenny is another mass IFA acquirer, finalising its most recent deal a couple of weeks ago.



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