Kingswood Holdings doubles size of business with £14m acquisition

Third acquisition in 12 months

Sophie King
clock • 1 min read

Wealth management group Kingswood Holdings (KWG) has acquired Sheffield-based financial planning business WFI Financial for £14m.

Following completion of the acquisiton Kingswood Holdings will have more than £2.5bn of assets under management (AUM) and assets under advice (AUA), with 5,500 active clients. WFI has offices in Derby, Lincoln and Grimsby. It has AUM/AUA of more than £550m across 970 clients and has 37 partners and employees, including 16 financial planners and 19 support staff.   In April this year, the consolidator revealed it was seeking funding from institutional investors to pursue a "substantial pipeline of acquisitions." Last October, it purchased East Yorkshire IFA Marchant McKehnie and in Feb...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Companies

Becketts acquires Ipswich-based Swallow Financial Planning

Becketts acquires Ipswich-based Swallow Financial Planning

Owner Andrew Swallow to retire

Isabel Baxter
clock 15 September 2025 • 1 min read
Tavistock snaps up hybrid advice firm for £6m in bid to refocus strategy

Tavistock snaps up hybrid advice firm for £6m in bid to refocus strategy

Acquires Lifetime Financial Management Intermediaries

Isabel Baxter
clock 11 September 2025 • 3 min read
Finli prepares 'sizable' acquisition as leadership transition gets underway

Finli prepares 'sizable' acquisition as leadership transition gets underway

Acquisition will bring in more younger advisers, Finli outgoing CDO says

Sahar Nazir
clock 11 September 2025 • 3 min read