A double takeover deal has been struck by AFH Financial to buy a client bank and an advisory firm, bringing its total funds under management to £840m. 

The Financial Planning firm announced to the Stock Exchange this morning it has bought Northampton-based Hindsight Financial Services for a total which could eventually run to £281,250.

This has added £15m of funds under management to AFH, while adviser numbers have grown to 136.
Client bank of Jeff Seward & Partners, based in Cardiff, was bought for up to £45,000.
The two takeovers make it three acquisitions for AFH since listing on AIM in June 2014. The move is AFH's eleventh takeover since the implementation of RDR.

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Hindsight's director, Trevor Dimmock, will join AFH as an adviser and continue to serve his clients.
AFH said the purchase of Jeff Seward & Partners further supports its acquisition strategy of buying sole traders who wish to retire and exit the industry.
The clients will be serviced by existing AFH advisers.
Alan Hudson, chief executive of AFH, said: "Today's transaction sees further geographical expansion of the AFH brand and continues to underpin the board's strategy of growing the business both organically and through select and opportune acquisitions.
"In a period of less than three months since moving from ISDX, the company is beginning to see the benefits of its AIM listing.
"The board remains focused on building a significant footprint within the UK and continuing to grow shareholder value."