Advice firm consolidator Kingswood Holdings has claimed it presents investors with an opportunity to receive "outsized returns" and that its share price is undervalued.
Kingswood Holdings' nominated adviser finnCap has claimed the consolidator's share price is "significantly undervalued given the upside growth potential that can be delivered in a relatively short time period of between 12-18 months". The UK and US wealth manager said it aimed to have a global, scalable wealth management infrastructure, rather than "just" a bolt-on acquisition-driven growth model. The firm recently made a number of UK adviser acquisitions, buying WFI Financial for £14m. It also bought Marchant McKechnie in East Yorkshire in the final quarter of 2018 and Oxford-based T...
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