The board of AFH said the milestone was achieved “following consistent organic net inflows of funds together with portfolios acquired.”
Alan Hudson, chief executive of AFH, said: “In January 2017 the company set out a number of financial aspirations, including having £5bn of funds under management by 2021, an increase of 150% above the £2bn level at that time.
“The company is now seeing organically generated FUM in excess of £30m a month.
“In addition, we have benefited from recent acquisitions and remain confident that we will exceed our target funds under management earlier than originally planned.”
Chartered Financial planner Mr Hudson recently spoke about the firm’s business model and corporate strategy in an exclusive interview with Financial Planning Today.
He said: We have consistently achieved double-digit organic growth.
“We buy businesses because we believe our strategy benefits shareholders and clients alike.
“In other sectors with scale comes improved buying power, which generally enables businesses to widen margins, create competitive advantage or a mixture of both.”