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

£16m deal

Elliot Gulliver-Needham
clock • 2 min read
Kingswood acquires £1.4bn AUA North Yorkshire firm for £16m.
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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, w...

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