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.

Goldman Sachs has acquired a large stake in robo adviser Nutmeg, investing £45m in the business as part of the deal.

AFH Financial Group, the rapidly growing Financial Planning business, has raised £17.5m through a share placing today, £2.5m more than it planned due to support from the markets.

The family of pensions legend Mike Morrison, who died suddenly in early November aged 55, have seen their fund raising campaign set up in his memory top £10,000 in just three weeks.