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

Why advisers shouldn't rush into private markets

Why advisers shouldn't rush into private markets

'There's only so long the hamster wheel can keep turning'

Justin Cash
clock 15 December 2025 • 4 min read
Adviser workload set to rocket ahead of IHT on pensions changes

Adviser workload set to rocket ahead of IHT on pensions changes

Large volumes of clients will need reviews of financial plans

Isabel Baxter
clock 15 December 2025 • 3 min read
Advising silver splitters: Legal insight for older clients getting a divorce

Advising silver splitters: Legal insight for older clients getting a divorce

Why is divorce becoming more common in older clients?

Katharine Bundell
clock 15 December 2025 • 4 min read