Kingswood acquires £115m AUA firm for £3.4m

'Very similar culture'

Tom Ellis
clock • 2 min read

Transatlantic advice consolidator Kingswood has acquired adviser firm Money Matters North East for up to £3.4m.

The Redcar-based advice firm has three advisers and 10 support stuff. They look after around 600 clients with a collective assets under advice of £115m.  The advice firm made a pre-tax profit of £425,000 in 2020/21 with net assets of £499,000 at that year-end. Kingswood said half of the fee (£1.7m) will be paid upon completed of the deal and the rest will be paid on a deferred basis, some of which is dependent on performance-based targets. The acquisition is subject to regulatory approval.  Money Matters principals Alastair Raine and Chris Woodhams said: "We spoke to many firms wit...

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

Feel Good Friday: CII and PFS host annual apprenticeship awards

Feel Good Friday: CII and PFS host annual apprenticeship awards

Part of next gen development push and ‘upholding professionalism’

Professional Adviser
clock 24 October 2025 • 1 min read
FCA to deliver 'fewer and faster' enforcement outcomes this year

FCA to deliver 'fewer and faster' enforcement outcomes this year

Therese Chambers says the watchdog is prosecuting more people than ever before

Sahar Nazir
clock 23 October 2025 • 2 min read
Autumn Budget 2025: Majority of Brits concerned about rumoured pension tax-free tax changes

Autumn Budget 2025: Majority of Brits concerned about rumoured pension tax-free tax changes

The updates advisers need in the run up to the Autumn Budget 2025 on 26 November

Professional Adviser
clock 23 October 2025 • 1 min read