Kingswood, the wealth and investment management group, is set to acquire the Dublin-based financial advisor Moloney Investments (MMPI), subject to regulatory approval, making this its seventh acquisition this year.
The transaction will bolster the group's client-facing advisory team to more than 100 people and funds under advice and management to over £7.8bn across both the UK and Ireland. Kingswood's assets under advice will total over £10bn, from a combination of both global retail and institutional clients. Following receipt of regulatory approval, Kingswood will acquire 70% of MMPI for a total cash consideration of €25.8m, with the existing shareholders retaining the remaining 30%. Kingswood acquires £1.4bn AUA North Yorkshire firm David Lawrence, Kingswood Group CEO, said: "MMPI provide...
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