Kingswood completed the acquisition of Sterling Trust for £18m.

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.