Kingswood Holdings Limited announced its acquisition of Money Matters Limited (MMNE), a privately owned wealth management business, primarily offering its services to clients in the North East.
The transaction boosts Kingswood’s UK client facing advisory team to 69 people and increases UK funds under advice and management to £4.6bn from circa 8,000 active clients.
Kingswood Group AuA now totals over £6.3bn from global retail and institutional clients.
David Lawrence, UK CEO at Kingswood, commented: “Since becoming UK CEO late last year, I have focused on building momentum in the business and expanding our capabilities to integrate and grow.
“I am thrilled to announce our acquisition of MMNE and look forward to welcoming Alastair Raine, Chris Woodhams and the whole team to Kingswood.
“The Kingswood model is designed to provide a centralised, efficient support infrastructure to manage the routine, but time consuming tasks required across compliance, finance, human resources, risk and technology, allowing the MMNE team to deliver a superior level of service to their clients.
“I am really looking forward to working with Chris and Alastair as we further grow the business as part of the Kingswood Group.”
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