The news that Mattioli Woods and Kingswood are set to merge has been well trailed in the advice industry, with questions now being asked around which management team will be the dominant party and how many consolidators will follow suit.
The two wealth management firms unveiled their merger to-be yesterday morning (29 May), and the combined group will serve more than 25,000 clients with £25bn in assets under administration and advice. Speaking to PA, Catalyst Partners partner Roderic Rennison noted that this merger has been "well-trailed". "This is the evidence of consolidation of the consolidators," he noted. Mattioli Woods to have more say? Rennison said that it will be interesting to see out of Mattioli Woods and Kingswood, who will be the "dominant party" as this merger progresses. "A merger, in my view, i...
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