The company is paying £3.3mln in two tranches for Thomas & Co, which has 500 clients and £150mln of assets under advice
Wealth and investment management specialist () said it is paying up to £3.3mln for an Oxfordshire-based financial advisory firm.
Based in Abingdon, Thomas & Co has around 500 clients and £150mln of assets under advice.
Kingswood, which now has 4,500 clients and assets of under advice of £1.5bn, is paying an initial £1.5mln with the remainder subject to a three-year earn-out.
Chief executive Gary Wilder said the company expected to add further scale. “We have a strong pipeline of opportunities we are currently evaluating,” he said.
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