European Wealth to rebrand as Kingswood following US acquisition

Global push

Tom Eckett
clock • 2 min read

European Wealth Group is set to acquire US broker and financial services group Newbrdge creating a firm with $4bn assets under management (AUM) and 20,000 clients on its platform.

Subject to US Financial Industry Regulatory Authority (FINRA) approval, the acquisition is set to complete in late 2017 or early 2018 with European Wealth expected to rebrand as Kingswood after it completes. Headquartered in Florida, Newbridge has a network of 220 professional advisers with 46 offices across the US and an approximate AUM of $1.7bn. Acquisitions, hires and demergers: The big wealth management stories of Q2 and Q3 Funding for the acquisition will be met by a convertible loan, underwritten by one of European Wealth's shareholders KPI. There will be no change to the...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Regulation

FCA to launch Consumer Duty-focused review of complex ETPs

FCA to launch Consumer Duty-focused review of complex ETPs

Part of FCA policy to promote growth

Patrick Brusnahan
clock 14 July 2025 • 1 min read
FCA reviewing client categorisation rules to clearly distinguish retail investors from the pack

FCA reviewing client categorisation rules to clearly distinguish retail investors from the pack

Goal of 40 more initiatives to be completed by year end

Eve Maddock-Jones
clock 10 July 2025 • 2 min read
Non-financial misconduct to be considered rules breach under updated framework

Non-financial misconduct to be considered rules breach under updated framework

Effective from September 2026

Cristian Angeloni
clock 02 July 2025 • 2 min read
Trustpilot