Consolidation of consolidators to ramp up amid 'new phase'

Mattioli Woods and Kingswood main one to watch

Isabel Baxter
clock • 3 min read

It is expected that the advice industry will see consolidation of consolidators, as private equity (PE) investments reach maturity and more firms become absorbed.

Mergers and acquisitions (M&A) remains high in the advice industry, with talks now of bigger consolidator firms beginning to snap up firms who are consolidating themselves. "We're entering a new phase of consolidation in UK financial advice," NextWealth managing director Heather Hopkins told PA. "Many PE investments made in 2019 and 2020 are now reaching maturity, and as a result, we expect a wave of exits and ownership transitions over the next 12 to 24 months." Hopkins said this "sets the stage" for "consolidation of consolidators" – a trend that she believes is already underway and...

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