Serial consolidator AFH Financial has posted pre-tax profit growth of more than 85 percent in the six months to 31 April 2019.

Pre-tax profit was £5.97 million, compared with £3.22 million for same six-month period the year prior, boosted by the four acquisitions it made in the most recent period.

Revenues were up 61 percent to £36.6 million compared to £22.7 million in the first half of 2018.

Funds under management also increased to £5.4 billion, up 68 percent.

The group reported a “confident outlook” with increasing organic demand for financial planning led wealth management services and a...