A financial services firm has expanded its º£½ÇÊÓƵ footprint with an acquisition.
AFH Wealth Management has bought out Avidity Wealth Management in an undisclosed deal.
AFH Wealth Management is headquartered in Stoke Heath near Bromsgrove and offers a range of financial services such as mortgages, inheritance tax and retirement.
It was founded in 1990 by chartered financial planner Alan Hudson and has since grown from a small practice to having more than 200 qualified financial advisers, supported by 500 employees.
It has ten other º£½ÇÊÓƵ offices and manages £9 billion worth of clients' assets.
Founded in 2010, Avidity Wealth Management is based in St Albans, Hertfordshire, and works with both individual and corporate clients, advising on investments, pensions, tax planning and protection advice.
It has more than £750 million in funds under management and approximately 1,800 clients.
The team comprises 11 qualified financial advisers and 13 administrative staff, collectively bringing more than 150 years of industry experience into the newly enlarged group.
As part of the buyout, Avidity will be rebranded as 'AFH Wealth Management St Albans', further developing the purchaser's presence in the South East.
The team will integrate with AFH immediately, rather than becoming a subsidiary of the Worcestershire wealth management firm.
AFH Wealth Management said this latest acquisition marked another milestone in its strategic expansion, with 139 firms acquired over the last two decades, further enhancing its ability to support clients across the º£½ÇÊÓƵ with comprehensive financial planning.
Mr Hudson said: "We are delighted to welcome the Avidity team to AFH. Their depth of experience, client-first values and strong regional presence make them an excellent fit for our business.
"This acquisition not only strengthens our footprint in the South East but also reinforces our commitment to delivering high-quality, personalised financial advice across the º£½ÇÊÓƵ."
Tim Yates, founder and managing director of Avidity, added: "This partnership is an exciting new chapter for our clients and team.
"AFH shares the same values and client-first mentality that have always been at the heart of Avidity's approach.
"Their scale and expertise will allow us to enhance the services and support available to our clients while maintaining the personal, relationship-driven advice we are known for.
"All Avidity advisers will continue in their current roles, ensuring continuity and a seamless experience for clients.
"Together with AFH, we look forward to building on our shared commitment to providing exceptional financial planning and wealth management services."
