Newly-launched UK financial planning firm Strategic Wealth Partners has acquired Kingswood Financial for an undisclosed sum.
Adding around £45m ($55m, €52m) in AuM and 50 client families to Strategic Wealth Partners.
Amyr Rocha Lima, co-founder and managing director of Strategic Wealth Partners, said: “I am absolutely thrilled with the succession plan we’ve been able to create with Kingswood Financial.
“We believe the success of this transition sets a precedent, demonstrating a viable pathway for other small, highly-qualified boutique financial planning firms who are contemplating a succession plan for their businesses, allowing us to potentially replicate this model to foster mutual growth and shared success.”
Creation
The newly-created firm, which is based in Kingston-upon-Thames, will serve high net worth clients and will specialise in financial planning services, including tax minimisation, investment strategies and retirement planning.
Lima added: “We’re thrilled to launch Strategic Wealth Partners and offer a new option for HNW individuals approaching retirement and those who have been recently bereaved. Our goal is to help our clients make smart financial decisions in order to achieve their most cherished life goals.”
Ian Cooke, co-founder of Strategic Wealth Partners, said: “We would like to express our gratitude to Benchmark Capital for their assistance and support throughout our platform selection process.
“Furthermore, their expertise has been instrumental in helping us develop and implement our cutting-edge, data-driven investment solutions. We are grateful for their commitment to our vision and for providing us with the resources to bring our innovative firm to fruition.”
