Wentworth Management Services to go public via a SPAC merger with Kingswood Acquisition in a $208m deal.

Wentworth Management Services, a holding company that acquires and manages businesses in the wealth management industry, agreed to go public via a SPAC merger with Kingswood Acquisition, a blank check company, in a $208m deal. "The creation of Binah marks another milestone for the company and supports our vision of serving as the wealth management industry's best-in-class broker-dealer platform for financial advisors. By combining forces with KWAC, our organization will have access to the public equity markets, which we anticipate will provide capital to fund future growth initiatives and operational enhancements," Craig Gould, Wentworth Management Services President.