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

Aberdeen reshuffles executives as Jonathan Asquith named interim chair

Aberdeen reshuffles executives as Jonathan Asquith named interim chair

Douglas Flint set to step down

Linus Uhlig
clock 26 March 2026 • 1 min read
Perspective buys six advice firms in first quarter

Perspective buys six advice firms in first quarter

Adding £825m in assets

Jen Frost
clock 26 March 2026 • 2 min read
Tatton-backed Absolute Financial snaps up second IFA

Tatton-backed Absolute Financial snaps up second IFA

HR Independent Financial Services joins as the firm eyes eight more

Isabel Baxter
clock 23 March 2026 • 1 min read