Kingswood Holdings doubles size of business with £14m acquisition

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...