Kingswood hits £6.2bn AUA as it completes Admiral Wealth deal

Financial planning business acquired for £4m

Pedro Gonçalves
clock • 2 min read

Kingswood has completed its £4m acquisition of Admiral Wealth, a Chartered financial planning firm based in North East Lincolnshire, taking its total assets under advice to £6.2bn.

The transatlantic financial advice consolidator said the deal had also taken its UK client facing advisory team to 66 people and increases its UK funds under advice/management to £4.5bn from some 8,500 active clients. Kingswood Group AuA now totals over £6.2bn from global retail and institutional clients. Admiral provides independent financial advice to individuals and corporates primarily in Lincolnshire and Yorkshire. It currently employs seven people, including two advisers managing about £100m worth of assets under administration on behalf of roughly 600 active clients. The AIM-li...

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