Kingswood completes £4m AWM acquisition; looking at nine further deals

£2m up front

clock • 2 min read

Kingswood has completed the acquisition of North Lincolnshire-based financial advice firm Admiral Wealth Management for £4m.

The deal was struck with the cash payable over a two-year period, with £2m to be paid at up front and the balance paid on a deferred basis. The firm's clients are primarily based in Lincolnshire and Yorkshire. It has been led by Peter and Carol Waller and Mike Biggin, with the Wallers resigning. Biggin, alongside senior consultant Adam Harrison, will lead the business under the Kingswood banner. Group CEO Gary Wilder said: "With the acquisition of Admiral Wealth Management in the UK in August and a strong pipeline of UK and international acquisition opportunities, the second half of 2...

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