Kingswood adds £40m in assets with latest IFA acquisition

Following completion, £420,000 will be paid immediately and up to £420,000 will be payable on a deferred basis over the following two years, subject to the achievement of pre-agreed performance targets, a note to the stock exchange said. Business owner Lee Smythe will join Kingswood along with his team of three staff who serve about 100 client households advising on all aspects of personal financial planning. For the year ended 31 March 2021, Smythe and Walter reported revenues of £293,000, profit before tax of £100,000 and had net assets at that date of £9.700. David Lawrence, UK ...