We are delighted to announce our latest acquisition - and it’s our biggest ever.

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On 5 December, we announced our largest-ever acquisition – a £10m deal that takes the group’s funds under management to more than £5 billion.

Joining forces with Hull-based CTL Three group also gives us 4 new offices in Yorkshire and takes our adviser team to around 250.

CTL Three trades as the Insurance Partnership Financial Services, Kirk Ella Investments, PCWM, IFA Professional Planning and Hallgarth Wealth Planning and has offices in Hull, York and Scunthorpe.

CTL Three boss Paul Hodgson, who joined the financial services industry from university in 1992, said:

“The decision to join forces with AFH does not indicate the end of our ambitions - quite the opposite. We’ve grown to a size where the move to the next level would require significant investment. That left us either having to raise new funding or find the right business to join.

“Having looked at the market and spoken with several potential consolidators, it was very evident that AFH was the standout option given both their commitment to the client at the centre of their business, and their overall culture which aligns with ours. This, combined with the group’s growth aspirations, made it a very straightforward decision.

“We look forward to working with Alan and the team at AFH. Our clients will still be dealt with by the same advisers and administration team, but will now have access to AFH’s unique service proposition, including zero platform fees and low-cost delegated authority funds.”

AFH Chief Executive Alan Hudson said:

“This is a historic deal for AFH. With £5 billion now under management we have met one of our group 3-5-year objectives after just 2 years. We are now established as one of the largest financial advisers in Yorkshire and the North East.”