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Kingswood Holdings (KWG)

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Wednesday 01 December, 2021

Kingswood Holdings

Completion of acquisitions

RNS Number : 1751U
Kingswood Holdings Limited
01 December 2021
 

KINGSWOOD HOLDINGS LIMITED

 

Completion of the Acquisition of Money Matters (North East) & Lee Smythe & Associates Ltd

 

Kingswood Holdings Limited ("Kingswood") is pleased to announce that it has completed the acquisition of Money Matters (North East) Limited ("MMNE") and the acquisition of the book of assets of Lee Smythe & Associates Ltd ("Smythe and Walter")

 

Inclusive of recently announced transactions, these acquisitions increase Kingswood's client facing advisory team to 80 people, UK funds under advice / management to 6.3 billion, and the number of active clients to over 15,900.

 

Kingswood Group assets under administration ("AuA") will total over 7.9 billion from a combination of both global retail and institutional clients matching our ambition to grow globally as an international integrated full service wealth and investment manager 

 

 

Following the announcements made on 15 and 17 November 2021, Kingswood Holdings Limited (AIM: KWG), the international, vertically integrated wealth and investment management group, is pleased to announce that following receipt of regulatory approval, it has completed the acquisition of Money Matters (North East) Limited ("MMNE") and the acquisition of the book of assets of Lee Smythe & Associates Ltd ("Smythe and Walter")

David Lawrence, UK CEO at Kingswood ,   commented: "I am thrilled to announce the completion of our second and third acquisitions of 2021 and look forward working with Alastair, Chris, Lee and their teams.''

"We remain committed to our growth strategy within the UK and internationally and we have a strong pipeline of high-quality UK opportunities under negotiation, six of which are in the exclusive due diligence stage.

 

For further details, please contact:

Kingswood Holdings Limited

+44 (0)20 7293 0730

David Lawrence

www.kingswood-group.com

 

 

FinnCap Ltd (Nomad & Broker)

+44 (0)20 7220 0500

Stuart Andrews / Simon Hicks / Abigail Kelly (Corporate Finance) Richard Chambers (ECM)

 

 

 

GreenTarget (for Kingswood media)

Jamie Brownlee / Alice Gasson / Ellie Basle 

+44(0)7834571183  [email protected]

 

 

 

About Kingswood

Kingswood Holdings Limited (trading as Kingswood) is an AIM-listed (AIM: KWG) international fully integrated wealth management group with circa 7.8 billion of Assets under Advice and Management. It services circa 9300 clients from a growing network of offices in the UK including Abingdon, Beverley, Darlington, Derby, Grimsby, Harrogate, Hull, Lincoln, London, Maidstone, Newcastle, Sheffield (2), Worcester and York with overseas offices in Johannesburg, South Africa and Atlanta, New York and San Diego in US.

Kingswood offers a range of trusted investment solutions to its clients, which range from private individuals to some of the UK's largest universities and institutions, including investment advice and management, personal and company pensions and wealth planning. Kingswood is focused on becoming a leading player in the wealth and investment management market through targeted acquisitions in the UK and US, creating a global business through strategic partnerships.

 

 

 

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