19 Sep 2018 07:00
19 September 2018
AFH FINANCIAL GROUP PLC
("AFH" or the "Company")
FUNDS UNDER MANAGEMENT ("FUM") EXCEED £4BN
The Board of AFH, a leading financial planning led wealth management firm, is pleased to announce that following consistent organic net inflows of funds together with portfolios acquired with acquisitions recently announced the Company is now managing funds in excess of £4bn on behalf of its clients.
Commenting, Alan Hudson, Chief Executive of AFH, said:
"In January 2017 the Company set out a number of financial aspirations, including having £5bn of funds under management by 2021, an increase of 150% above the £2bn level at that time. The Company is now seeing organically generated FUM in excess of £30m a month. In addition, we have benefited from recent acquisitions and remain confident that we will exceed our target funds under management earlier than originally planned."
Enquiries:
AFH Financial Group PLC 01527 577 775
Alan Hudson, Chief Executive Officer
Paul Wright, Chief Financial Officer
www.afhfinancialgroup.com
Liberum (Nominated Adviser and Broker) 020 3100 2000
John Fishley/Richard Bootle
This announcement is released by AFH Financial Group plc and contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 (MAR), and is disclosed in accordance with the Company's obligations under Article 17 of MAR.
For the purposes of MAR and Article 2 of Commission Implementing Regulation (EU) 2016/1055, this announcement is being made on behalf of the Company by Paul Wright, Chief Financial Officer.