UK's Kingswood buys second US adviser

UK's Kingswood buys second US adviser

UK consolidator IFA firm Kingwood has agreed to purchase a Califorian advisory firm, for a sum expetd to total $4m. The AIM-listed company announced that it has bought an 85% stake in San Diego-based Chalice Wealth Advisors and Chalice Capital Partners and subject to US regulatory approval. Kingswood told market on Friday that said the total consideration was $4m (£3.1m), with an initial $1m payable on completion of the acquisition in the form of a promissory note, secured by the assets...

To continue reading this article...

Join International Investment

Join International Investment today

Unlock members-only benefits:

  • Unlimited access to real-time news, industry insights, video features and market intelligence
  • Stay ahead of the curve with spotlights on international financial centres, regional trends international advice and global industry leaders
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Hear the latest cross jurisdictional developments in wealth planning, tax, regulation, investing, retirement and protection
  • Members-only access to the Editor’s weekly news roundup newsletter
  • Members-only access to analysis via our exclusive industry polls
  • Be the first to hear about our events and awards programmes

Join now


Already a International Investment member?


Author spotlight

Gary Robinson

Commercial Director, Head of Video at International Investment.