Financial planning-led wealth management firm AFH Financial Group PLC has made another acquisition, this time of Hayburn Rock Group Limited and its subsidiary companies based in Stourbridge in the West Midlands.

As a result Hayburn's founder and managing director Stephen Perks and nine advisers will join AFH, bringing with them over £100 million of funds under management.

For the year ended 31 December 2017, the business reported revenues of £2.1 million and profit before tax of £0.4 million.

The maximum purchase price is £3.5 million under the terms of the acquisition, dependent upon performance criteria ...