Kingswood Holdings acquired WFI Financial for £14m.

Kingswood Holdings, the integrated wealth management group, acquired WFI Financial, a significant independent regional financial planning business based in Sheffield, for £14m. Gary Wilder, Group CEO at Kingswood, said: "The acquisition of WFI doubles the size of our wealth planning business and provides Kingswood with an opportunity to own a very profitable regional financial planning business with built-in expertise and capacity to expand. Both principals, Charlie Gillespie and Mark Rendall, are exceptional individuals with great track records in the industry and they will remain with the Group post integration and assume expanded roles on the Kingswood platform. They, along with their excellent team, will continue to focus on their core strengths of client advice and business development, with Kingswood centrally managing regulatory & compliance, finance, HR and IT responsibilities. There is also a major opportunity to migrate existing and new clients across to Kingwood's DFM platform, especially onto our recently re-launched Managed Portfolio Service ('MPS') offering, underpinning the value of a fully integrated wealth management business."