Monday, August 1, 2022
HomeFinancial PlanningKingswood makes sixth acquisition of 2022 

Kingswood makes sixth acquisition of 2022 



Monetary Planning-focused wealth supervisor Kingswood has acquired Hants IFA Smith Pearman and Associates, its sixth acquisition of the 12 months to date. 

Kingswood additionally has an additional seven acquisitions within the pipeline, it stated right now.

Smith Pearman and Associates has been in enterprise for over 35 years and advises on £70m in Property Underneath Recommendation for greater than 240 purchasers.

The agency has purchasers in Surrey and Hampshire, primarily excessive net-worth people with an current portfolio, or new funding necessities. 

 

Kingswood has acquired 5 UK advisers this 12 months together with Allots Monetary Providers in Rotherham; Joseph R Lamb Monetary Advisers in Essex; DJ Cooke Life and Pensions in South Yorkshire; AiM Impartial Monetary advisers in Eastleigh and Vincent & Co Ltd in Lincolnshire.

Kingswood stated it had a “transformational 12 months” in 2021 with file ranges of income and working revenue in 2021. Income reached £149.7m, a rise by 488% in comparison with 2020, and working revenue elevated by £5.5m to £6.3m. The agency has expanded each within the UK and US. 

David Lawrence, CEO at Kingswood Holdings, stated: “Smith Pearman and Associates has established itself as a good, dynamic and client-centric enterprise over the previous 30 years and we’re delighted to have its crew of extremely expert professionals be part of us at Kingswood. 

“This deal additionally reinforces our presence in Hampshire, constructing on our current acquisition of AiM Impartial and making a sustainable hub within the area.

“Wanting forward, we keep a wholesome acquisition pipeline and are at present in unique due diligence talks for an additional seven potential acquisitions. Our near-term goal is to construct our UK AUM and AUA in extra of £10bn within the UK and £14bn globally.”

Steve Egginton, director at Smith Pearman and Associates, stated: “Kingswood’s ethos of placing their purchasers on the forefront of their service proposition dovetails with our personal tradition of offering an important service along with wonderful recommendation. We sit up for working with Kingswood to offer a clean and seamless transition for our purchasers.”

Kingswood is an AIM-listed wealth administration group with £9.1 billion of Property underneath Recommendation and Administration. It has 19,300 purchasers serviced from a community of workplaces within the UK and abroad workplaces in Johannesburg, South Africa and Atlanta, New York and San Diego in US.




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