AFH Financial Group Plc FUNDS UNDER MANAGEMENT EXCEED £4BN (1780B)
September 19 2018 - 2:00AM
UK Regulatory
TIDMAFHP TIDMTTM
RNS Number : 1780B
AFH Financial Group Plc
19 September 2018
19 September 2018
AFH FINANCIAL GROUP PLC
("AFH" or the "Company")
FUNDS UNDER MANAGEMENT ("FUM") EXCEED GBP4BN
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 GBP4bn 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 GBP5bn of funds under management by
2021, an increase of 150% above the GBP2bn level at that time. The
Company is now seeing organically generated FUM in excess of GBP30m
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.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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