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UK: Kingswood acquires WFI Financial

 |  September 4, 2019

Wealth management group Kingswood Holdings (KWG) has acquired Sheffield-based financial planning business WFI Financial for £14 million (US$17.1 million).

Following completion of the acquisition, Kingswood Holdings will have more than £2.5 billion (US$3.06 billion) of assets under management (AUM) and assets under advice (AUA), with 5,500 active clients.

WFI has offices in Derby, Lincoln, and Grimsby. It has AUM/AUA of more than £550 million (US$672.5 million) across 970 clients and has 37 partners and employees, including 16 financial planners and 19 support staff. 

Full Content: Financial Times

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