The joint venture which has been named Broomfield & Alexander Wealth Management Ltd has been established as an appointed representative of AFH Independent Financial Services, the company’s principal operating subsidiary.
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Currently Broomfield & Alexander employ 90 staff across three offices in South Wales who consist of professional advisers and chartered accountants.
Meanwhile, the IPO of AFH held in 2011 has led its count of advisers grow from 53 to over 80.
The employees of AFH will work with Broomfield & Alexander to offer a fully integrated range of tax and financial planning services, FT Adviser quoted a spokesman as opining.
"I see both Broomfield & Alexander and AFH as two complementary and client-focused businesses seeking to deliver end-to-end solutions to a wide range of clients," Alan Hudson, chairman and chief executive of AFH was quoted as saying.
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