Kingswood acquires Essex-based IFA in £15m deal

The acquisition represents the firm's third purchase of 2022 following the takeovers of South Yorkshire firms D.J. Cooke Financial Planning in January and Allots Financial Services last week. The acquisition of Joseph R Lamb has taken the firm's client-facing advice team to 90 people and increases its UK funds under advice/management to £6.9 billion. The firm has around 18,500 clients. The AIM-listed firm's assets under administration (AUA) will total over £8.5 billion from a combination of both global retail and institutional clients, Kingswood said. Essex-based Joseph R Lamb was ...