The IFA consolidator told the Stock Exchange this morning it has bought Roxborough Consultancy and First Class Financial Management.
These two acquisitions will add a further £55m to the company's Funds Under Management. The deal for Roxborough, which is based in Didcot, Oxfordshire, is £911,760 in cash.
This comprises an initial payment upon completion of £476,760, followed by up to £435,000, dependent upon performance over the next two years.
The principal of Roxborough will retire following completion and existing AFH advisers will take over their client relationships.
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The assets of First Class, based in West Bromwich, are being acquired for £84,000.
Alan Hudson, chief executive of AFH, said: "We continue to seek, select and complete opportune acquisitions in a post-RDR world.
"Today's news takes the company to six acquisitions in only seven months since we migrated from ISDX to AIM.
"We offer IFA businesses, of all sizes irrespective of geography, the opportunity to either become part of a larger group or to allow the principals of those businesses the ability to realise value as they retire. We intend to focus our acquisition strategy on retiring IFAs over the coming months as part of our overall growth strategy."
For the year ended 31 March 2014 Roxborough generated a profit before taxation of £185,793 and, as at 31 March 2014, Roxborough had net assets of £370,749.
The acquisitions of First Class and Roxborough were completed on 4 December 2014 and 30 January 2015, respectively.