Financial planning group holds profits steady after 'year of consolidation'

News Team, 18/01/2021

AFH Financial Group, which describes itself as a financial planning-led wealth management firm, has kept profits steady in 2020.

In the group's results for the full year ended 31 October 2020, pre-tax profits stood at £13.2 million, compared with £13.7 million in 2019.

Revenues were up 4 percent from £74.3 million to £77.1 million, while adminstrative expenses fell 12.6 percent to £19.6 million. Financing and amortisation costs were up however, which took a toll on the bottom line.

Funds under management remained unchanged at £6.2 billion.

This “year of consolidation” has left AFH in a stro...

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