Law firm Freeeths offered financial advice through its own Meritor brand for a number of years but decided that with the increasing demands of regulation and its core focus on the legal practice, clients could be better served by a dedicated specialist financial planner, said AFH.

As part of the £500,000 deal, financial adviser Karen Pincher will join AFH’s team of employed advisers and will continue to work with Freeths and to look after her 275 clients and their £59.6m of investments.

Ms Pincher started her career in financial services with Sharelink in Birmingham just before the Black Monday stock market crash of October 1987. She later worked at Deutsche as an investment manager and at a specialist financial advice practice focused on the veterinary sector.

She said: “I first decided to become a financial adviser because I saw how big a difference a really sound approach could make to clients’ outcomes. That’s why I’m so pleased to have the opportunity to join AFH and to give my clients the benefits of its expertise.”

AFH chief executive Alan Hudson said: “We’re very pleased that Freeths have chosen AFH to take care of their clients. We will continue to work with Freeths in the future to provide their clients with access to AFH advice and asset management.

AFH Financial Group was founded by Chartered Financial Planner Alan Hudson in 1990. Based in Bromsgrove, Worcestershire, the group is a fast-growing Financial Planning-led company.

Its turnover in the financial year to 31 October 2017 was £33m, up around 40% on the year before. It currently has around £3.1bn funds under management

Since 2014 AFH has been listed on the London Stock Exchange’s AIM. Its current market capitalisation is around £120m.