Advisory services firm finnCap has issued a buy recommendation for private equity-backed UK and US advice consolidator Kingswood.
The firm's research report said that, since David Lawrence joined the business as UK chief executive in December 2020, the UK business has significantly increased its acquisition activity as well as introducing a strong integration capability, organic growth credentials and a focused investment in client centricity and its colleague proposition. The same impact has been seen under Mike Nessim's leadership of the US business, the firm said, which has seen a rapid organic onboarding of new broker dealers and transformative revenues from this and its investment banking activity. "Most no...
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