AFH boosts presence 
in Yorkshire with £5m deal

Story

A team of 26 financial and mortgage advisers has joined AFH Group, taking the national firm’s funds under management to more than £3.5 billion.

Nick Thomas and Nick Heald founded Thomas Heald in 2009. The company is now one of the largest independently owned corporate-charted practices in Yorkshire, with more than 1,100 clients across Yorkshire and the East Midlands. This year they featured in two Professional Adviser awards: best client engagement and best adviser website.

Nick Thomas said:

“This is a great deal for our clients, who will receive the same service, delivered by the same advisers and staff, but with the added advantage of AFH’s back-office support and investment expertise. It’s also great news for our advisers, for whom all that support means more time to do what they enjoy – helping clients.

“We’ve been approached many times by people looking to buy Thomas Heald but we’ve never met anyone who we felt comfortable doing business with. To us our client proposition is of paramount importance, and with AFH we’ve found people who see things the same way.

“Reducing – and now scrapping – platform fees, making investing more accessible, always looking to improve the outcomes for our clients: AFH and we are a great fit.”

The deal is one of AFH’s biggest to date and means the group now has more than 180 advisers covering the entire UK.

AFH chief executive Alan Hudson said:

“This is a very significant deal for AFH, both in terms of strengthening our presence in an important part of the country and the growth of our adviser force.

“It’s also another step on our way to achieving our target of £5 billion funds under management.”

This is the 11th expansion of 2017-18 for AFH, cementing the group’s position as one of the largest independent financial services firms in the country.


You should always seek professional advice before making any financial decision.