AFH Financial Group Plc

LSE : AFHP


June 27, 2013 02:00 ET

AFH Financial Group announces new Legal Division

                                                                                               27 June 2013
                                                                                               GB00B4W5WQ08
                                                                                                           
                                          AFH Financial Group PLC
                                         ("AFH" or the "Company")
                                                     
                             AFH Financial Group announces new Legal Division

AFH,  a  leading  independent financial advisory ('IFA') and discretionary wealth  management  firm,  today
announces that AFH Legal Ltd ("AFH Legal"), a wholly owned subsidiary of the Company, has been licenced  by
the  Solicitors Regulatory Authority (SRA) as an Alternative Business Structure, authorised  to  provide  a
range of legal services.

The  application process concluded on 26 June 2013, with confirmation that AFH Legal will be licenced  with
effect from 23 July 2013.

AFH  has initially recruited two solicitors to run the Legal Division, one of whom has been working  within
the technical team at AFH for 18 months supporting advisers in trust and estate planning work.

The Directors of AFH are confident that the licencing of AFH Legal will generate incremental income for the
Company as well as value added services for its clients.

Commenting  on the announcement, Alan Hudson Chairman and Chief Executive of AFH said: "Wills,  Trusts  and
Estate planning forms the corner stone of professional financial planning for clients.  The addition of  an
in-house  legal services division, regulated by the Solicitors Regulatory Authority, will prove  to  be  of
tremendous added value for our Advisers and clients alike".

       The Directors of AFH Financial Group PLC are responsible for the content of this announcement

Enquiries:

AFH Financial Group PLC                                                     01527 577 775
Alan Hudson, Chairman and Chief Executive
www.afhfinancialgroup.com

Peterhouse Corporate Finance Limited                                        020 7220 9796
Mark Anwyl or Duncan Vasey

Yellow Jersey PR Limited                                                    07768 537 739
Dominic Barretto or Anna Legge                                              07747 788 221

Contact Information

  • AFH Financial Group Plc