Kingswood acquires South Yorkshire IFA in £1.5m deal

UK assets hit £6.3bn

Consolidator Kingswood is set to acquire IFA business D.J. Cooke (Life & Pensions) for £1.5m in its first buyout deal of 2022.

The firm, based in Conisbrough, South Yorkshire, is a long-established independent financial advice firm specialising in retirement and investment planning.   David Cooke, chief executive, is the sole adviser looking after about 340 client households with some £70m assets under administration.    Kingswood said, on an underlying basis for the 2021 calendar year, the firm generated unaudited revenue of approximately £474,000 and unaudited EBITDA of approximately £227,000. AssetCo agrees all-share acquisition of River and Mercantile Following completion of the deal, around £1.5m i...