More than four in five investors (84%) under-estimate the cost of investing and 13% are completely in the dark about the fees they pay, according to a new study by a Financial Planning-based wealth adviser.

Fast growing Financial Planning-focused wealth manager AFH has acquired Herts-based AE Garment Independent Financial Services Limited in a £1.7m deal.

AFH Financial Group, the Financial Planning-led wealth manager, is to raise up to £20 million on the stock market through a bond issue to fund future acquisitions and investment.

National IFA firm AFH has boosted funds under management by 68%, according to its latest half-year results.