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

Friday Night Takeaway: It's the return of the banks

Friday Night Takeaway: It's the return of the banks

The news editor's Friday Night Takeaway from 10 July

Isabel Baxter
clock 10 July 2026 • 3 min read
Carla Brown on PFS/CII relationship reset and how chartered status is 'essential'

Carla Brown on PFS/CII relationship reset and how chartered status is 'essential'

PFS president and chair joins Professional Adviser in the studio

Professional Adviser
clock 10 July 2026 • 1 min read
FCA spotlights vulnerability in latest Consumer Duty review

FCA spotlights vulnerability in latest Consumer Duty review

Treatment of vulnerable clients still an area of improvement for firms

Sophia Panayi
clock 10 July 2026 • 2 min read