Mattioli Woods and Kingswood to merge

The wealth managers confirmed the news this morning (29 May) and said the announcement marks a "significant milestone" in the firms' shared ambition to "deepen client relationships, grow their talent base, and enhance their service and product offerings". The combined wealth management group will serve more than 25,000 clients with £25bn in assets under administration and advice (AUAA). "It brings enhanced capabilities across wealth planning, investment management, and client service," both firms said. The merger confirmation follows industry speculation about a Kingswood and Matti...