Kingswood Holdings acquires Surrey IFA

The transaction boosts Kingswood's client facing advisory team to 67 people and increased funds under advice/management to £5.0bn from over 16,000 active clients. Regency provides independent financial advice to individuals and corporates primarily in the Greater London area and currently employs 12 people including 6 IFAs advising on £ 320 million assets under advice on behalf of around 1,000 clients. On receipt of regulatory approval, the business will be acquired for cash consideration of £3.45m, payable over a 3-year period.  Some £1.38m will be paid at closing and the balance ...