Private equity-backed UK and US consolidator Kingswood has acquired Aim Independent, taking its UK advice team to 94.
Kingswood's fourth purchase in 2022 has taken its UK funds under advice/management to over £7.2bn from circa 19,300 active clients. The firm's assets under administration (AuA) will total over £9.1 billion from a combination of both global retail and institutional clients. Set up in 2000 and run by Phil Watson and Andy Davies, Eastleigh-based Aim serves more than 750 clients throughout Hampshire. The firm has five advisers, including Davies and Watson, and six support colleagues who help look after clients. It has around £217m AuA/M. In the year ending 31 July 2021, Aim generated revenue...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- 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
