Acquisitive wealth management group swoops for Lincolnshire financial advisors

David Lawrence

Lincolnshire-based financial advisors Vincent & Co has been snapped up by international wealth and investment management group Kingswood Holdings.

The Market Rasen firm provides financial advice to over 130 clients in the Lincolnshire area. In the year ending 31 October 2021 it generated revenues of £135,000 and profit before tax of £83,000.

The £421,000 acquisition is expected to be completed following regulatory approval.

David Lawrence, UK CEO at Kingswood, said: “I’m delighted to announce the acquisition of Vincent & Co, our fifth acquisition this year. Vincent & Co have been established for over 20 years and have built deep relationships with their clients and an ethos which matches ours at Kingswood. This is a great opportunity to make an acquisition that consolidates our presence in Lincolnshire.

“During 2022 we will continue to focus on our acquisition activity. We have a strong pipeline of activity, with four potential acquisitions in exclusive due diligence. Our near-term target is to build our UK AUA/M in excess of £10bn in the U.K. and £14bn globally.”

Join us at the 2021 Rainmaker Awards in Manchester on September 9
Close