REG - Kingswood Holdings - Completion of acquisitions

Kingswood HoldingsAnnouncement

01/12/2021 07:30

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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 (http://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)                                           +44(0)7834571183     kingswood@greentarget.co.uk

                                                                           (mailto:kingswood@greentarget.co.uk)
 Jamie Brownlee / Alice Gasson / Ellie Basle

 

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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