Announced
Completed
Financials
Tags
Friendly
financial advisory
Majority
Private
United Kingdom
Management Consulting
Completed
Acquisition
Single Bidder
Synopsis
Kingswood, the international, fully integrated wealth and investment management group, completed the acquisition of Sterling Trust, a regional firm of Independent Financial Advisers, for £18m. "This is a transformative transaction for the Kingswood Group, doubling our wealth advisory business and providing us with an opportunity to own a profitable regional financial planning business with built-in expertise and capacity to expand. There is also a major opportunity over time to migrate existing and new clients to Kingwood's extensive and growing range of managed investment solutions on our DFM platform, underpinning the value of a fully integrated wealth and investment management business. We have a robust pipeline of further acquisition opportunities in the UK and US that we are reviewing; and we have three transactions under exclusive due diligence in the UK," Gary Wilder, Kingswood CEO.
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