Bringing you live news and features since 2006 

AFH acquires Shape Financial


Independent financial advisory and wealth management firm AFH has acquired Shape Financial.

The deal is AFH’s 14th acquisition since its IPO in June 2011.
Shape Financial is an FCA authorised, Somerset-based IFA which reported a turnover of GBP1.5m in its most recently completed financial year. This acquisition brings 16 new advisers, including all five shareholder directors of Shape Financial, to the company’s current total of 104 advisers. The new advisers will continue to operate out of Shape Financial’s Somerset-based office, broadening AFH’s presence into the South West of England.
AFH has paid initial consideration of GBP125,000 for the acquisition of Shape Financial. This amount has been satisfied in cash from the company’s existing resources. Additional consideration, up to a maximum of GBP1.5m in total, may be payable after 15 months and 27 months, depending on the profitability of Shape Financial in the two years following its acquisition.
Alan Hudson (pictured), chairman and chief executive of AFH, says: "Today’s acquisition further advances our successful strategy of growing the company both organically and through select and well-timed acquisitions. Importantly, Shape Financial is a strong cultural fit for AFH and their Somerset outpost provides a platform from which the company can extend its reach into the South West region."

Latest News

Figment Europe, a provider of institutional staking infrastructure, writes that it is solidifying its presence in the heart of Europe’s..
Saving and investing app, Moneybox, has doubled the number of ETFs available on the platform, in the light of ‘growing..
Global X ETFs has announced the appointment of Ryan O'Connor as its Chief Executive Officer effective as of April 8, 2024. ..
Value-driven structured credit investing firm, Angel Oak Capital Advisors, LLC, has announced the completed conversions of two of its mutual..

Related Articles

Ryan McCormack, Invesco
This year sees the 25th anniversary of Invesco’s QQQ, the USD240 billion ETF – the fifth largest ETF in the...
The European ETF market achieved a record 28 per cent growth – reaching over USD1.8 trillion assets under management (AUM)...
Sal Esposito, Zacks Investment Management
Zacks Investment Management started doing investment research in 1978 and in 1992 started its investment management arm, initially with SMAs...
Jeremy Senderowicz, Vedder Price
Jeremy Senderowicz, a member of the Investment Services Group at law firm Vedder Price, has witnessed a steady upswing in...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by