Kingswood acquires £100m AUA Lincolnshire firm for £4m

£600k profit 2019-2020

Tom Ellis
clock • 2 min read

Transatlantic financial advice consolidator Kingswood has acquired North Lincolnshire-based financial planning firm Admiral Wealth Management.

The business employs seven people, two of them advisers, and manages around £100m in assets for about 600 clients. It made a £600,000 profit in the 12 months to March 2020. The £4m price tag will be paid over a two-year period, with £2m handed over at closing and the remaining balance will be paid on a deferred basis. The firm has been led by Peter and Carol Waller and Mike Biggin. The two Wallers are set to retire at acquisition with Biggin, alongside senior consultant Adam Harrison, to lead the business under the Kingswood banner. Kingswood UK CEO Lawrence: I don't like the word ...

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 Your profession

News editor's view: The devil in the Budget detail

News editor's view: The devil in the Budget detail

The news editor's Friday Night Takeaway from 30 October

Isabel Baxter
clock 30 October 2026 • 2 min read
What's spooking financial advisers this Halloween?

What's spooking financial advisers this Halloween?

Experts share what's keeping the profession awake this spooky season

Professional Adviser
clock 30 October 2026 • 4 min read
Feel Good Friday: CISI urges financial planners to give 'one hour' to upcoming Financial Planning Week

Feel Good Friday: CISI urges financial planners to give 'one hour' to upcoming Financial Planning Week

Event takes place January 2027

Professional Adviser
clock 30 October 2026 • 1 min read