Deal moves 4,000 Scots savers to AFH Financial

Harvey Curtis, a financial adviser that took on thousands of Scotland-based clients of Mortgage Advice Centre (MAC) after it folded in 2006, has been bought by an investment-management business.

AFH Financial Group will now be able to advise some 4,000 savers north of the Border, mostly based in Glasgow and Edinburgh.

And it said the deal, which will see it take on Harvey Cur- tis’ directors and support staff, cements its position as one of the UK’S largest independent financial services firms. Furthermore,afhchiefexecutive Alan Hudson said it already has an “extensive” sales team serving clients in Scotland,

This is AFH’S eighth expansion this year. It turnover in the half year to 30 March was £22.7 million, a year-on-year jump of more than 60 per cent.

It also manages £3.3 billion in funds and owns a £100m property portfolio including supermarkets, pubs and hotels.