AFH Wealth Management acquires Hayburn Rock Financial Planning Ltd in £3.5m deal
January 30, 2019Progeny Group acquires Innovate Financial Services
March 7, 2019Wealth Management Group Kingswood has bought an Oxfordshire based financial advice firm for £3.3m.
Kingswood acquired Thomas & Co Financial Services for an initial cash payment of £1.5m with a further deferred sum of £1.8m subject to revenue and profitability over a three year period.
Thomas & Co has £150m of assets under advice, and its Principals and staff will join Kingswood while continuing to operate from existing offices.
Joe Berry, founder and principal of Thomas & Co, said "Kingswood is a very similar firm to us, with a strong commitment to protecting client's wealth and providing first class advice, with the emphasis on face-to-face personal service"