Third purchase in two weeks: Kingswood acquires North Yorkshire firm for £16m

£16m deal

clock • 2 min read
Kingswood acquires £1.4bn AUA North Yorkshire firm for £16m.
Image:

Kingswood acquires £1.4bn AUA North Yorkshire firm for £16m.

Advice firm and wealth manager Kingswood has acquired North Yorkshire based Metnor Holdings and its subsidiaries IBOSS Asset Management and Novus Financial Services for £16m, subject to regulatory approval.

The deal has taken Kingswood's UK assets under management to £3bn, with total assets under administration reaching almost £8bn. Kingswood's client-facing advisory team has now grown to 80 people, with...

To continue reading this article...

Join Professional Adviser

 

  • 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.
  • Tap into our community intelligence through our regular Pro Adviser poll.
  • 
 Be the first to hear about our events and awards programmes.

Join

 

Already a Professional Adviser member?

Login

More on Your profession

PA360 North: Advisers should enable clients to live happier, more fulfilled lives

Advice should enable clients to live 'happier, more fulfilled lives'

Incorporating the Financial Wellbeing Index

clock 09 December 2021 • 2 min read
PA360 North: Build branding on 'distinctiveness' not company name

PA360 North: Build branding on 'distinctiveness' not company name

What makes your firm different?

Jenna Brown
clock 09 December 2021 • 1 min read
Advisers, share your views on the PFS/CII deregistration 'debacle'

Advisers, share your views on the PFS/CII deregistration 'debacle'

Pro Adviser Poll

Professional Adviser
clock 09 December 2021 • 1 min read