AFH, a UK-based financial planning led wealth management firm, has acquired Colchester-based advice firm Britton Financial in a deal of worth £2m.

The deal, which is the fourteenth for AFH in the current financial year, adds £57m in funds under management to AFH’s books and clients in East Anglia, London and other counties.

AFH said that the latest acquisition is a part of its twin-track expansion strategy to strengthen client base across UK through the team of 165 financial advisers.

AFH CEO Alan Hudson said: “At AFH we only take on businesses that share our vision of putting clients first, and as soon as I met Ken I knew here was someone I wanted to do business with.

“I’m looking forward to continuing his great work of looking after his clients in East Anglia and the South East. We’ll also be looking to taking on more clients in East Anglia, the South East and right across the UK.”

AFH offers services to around 9,500 clients and has £2.7bn funds under management.