Consolidator AFH has snapped up a Kent-based IFA firm CWP Financial in an £840,000 deal.

The takeover, AFH’s second of this financial year starting 1 November, has allowed CWP's Bob Perry to exit the profession and retire.

Mr Perry has 42 years in financial services including 32 as an independent financial adviser.

He said: “I fell into financial services: basically, Sun Life had the glossiest brochure in the school careers office and a good sports and social scene.

“Hopefully my experience will help our youngsters to make more informed choices.”

Mr Perry joined Sun Life from school and then moved to Lloyds as an IFA.

He set up CWP Financial with two colleagues 17 years ago and the firm now has more than 600 clients, mostly in south-east Kent but with some as far afield as Devon and Staffordshire.

He added: “That was one of the attractions of AFH: with more than 200 advisers across the UK, I knew they’d be able to look after those clients who’d stayed with me even when they moved out of my local area.

“AFH’s proposition is also a good fit with my clients and Alan and the AFH team handled the whole sale process in a very friendly and professional way.

“I felt very confident that I was in good hands.

“It all just clicked.”

AFH chief executive Alan Hudson said: “In a business that’s based on trust, I’m glad Bob is trusting us to look after his clients."