The latest mergers and acquisitions and other corporate actions in the wealth management sector.

Kingswood 
Kingswood, a wealth and investment management group, this week has acquired JFP Holdings Limited, the holding company of JFP Financial Services Limited, a financial advisory firm based in Macclesfield, Cheshire. 

The acquisition will expand Kingswood’s geographical footprint into the Northwest region and an affluent South Manchester area, the firm said in a statement.

Established over 40 years ago, JFP Holdings services clients predominantly based in Cheshire, Derbyshire and Staffordshire. JFP Holdings manages £360 million ($437 million)  million) of client assets across 1,295 clients.
 
This week, Kingswood also completed the acquisition of JCH Investment Management, a financial advice firm based in Lincoln, following receipt of regulatory approval, as announced in November this year.
 
Following these transactions, Kingswood Group Global Assets under advice will total over £10.9 billion, matching its ambition to grow globally as an international fully-integrated wealth and investment management group. 

These transactions will also boost Kingswood's client-facing advisory team to over 115 people and funds under advice/management to over £8.5 billion across both the UK and Ireland.
 
David Lawrence, Kingswood Group CEO, said: "The acquisition of JFP Holdings will expand our geographical footprint into the Northwest region and an affluent South Manchester area. JFP Holdings are a high-quality business that has operated with its affiliate Josolyne & Co, a leading chartered accountancy practice, for many years.” 

“Led by Andy Heywood, JFP Holdings have a long track record of delivering an exceptional level of service and strong client relationships over many years, and I am delighted to welcome them to the Kingswood Group,” he continued.
 
“Our growth strategy is important and we are strongly committed to supporting more clients. We have a further four acquisitions under exclusive due diligence that we expect to close in the coming months, plus a number of additional transactions that are currently under negotiation," he said.
 
Andrew Heywood, director of JFP added: "We are delighted to be joining Kingswood. Throughout the sales process there were a number of important factors that influenced our decision, but the overriding requirement was for us to have an excellent matching of cultures with any firm looking to acquire us.” 

“The cultural fit between our two firms was evident from our first meeting with David Lawrence and has been confirmed throughout our dealings with David and his team. We are looking forward to working within the Kingswood Group which we know will be a great home for our staff and clients," he said.
 
Kingswood Holdings Limited is an AIM-listed wealth management group with circa £10 billion of assets under advice and management, with a growing network of offices across the UK and overseas offices in South Africa and the US.