M and A

Deals Of The Day: The Latest In Wealth Management M&A – Benchmark Capital, KFA

Editorial Staff 29 March 2023


The latest M&A deals in wealth and asset management.

Benchmark Capital, Kennedy Independent Financial Advice
Benchmark Capital, which provides financial planning solutions and is part of UK-listed Schroders, has wrapped up its purchase of Kennedy Independent Financial Advice, a firm based in Northern Ireland. The financial terms were not disclosed.

KFA, a chartered financial planner business, marks Benchmark’s second acquisition in Northern Ireland, following its deal for Waterhouse Financial Planning in May last year. Benchmark is building a hub in Derry, adding £80 million ($98.5 million) in assets, strengthening the local team and accelerating growth in Northern Ireland, it said in a statement yesterday.

Business and staff at KFA will become part of Benchmark Financial Planning, and will move to the firm’s new premises in Derry. 

“Our partnership with Benchmark marks an exciting development in the next chapter of KFA that will provide security and stability for our clients and our staff. We pride ourselves on our personal approach and working with client’s long-term goals in mind,” Michael Kennedy, managing director, Kennedy Independent Financial Advice, said. 

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