thewealthnet

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...


Continue reading this article...


Start a free trial now for access to breaking news and cutting edge analysis of the wealth management industry.







You are currently not logged in,
login to view the full article
start by clicking this button.





Need a subscription,
fill out the form here or
contact subs@thewealthnet.com