Kingswood purchases Eastleigh-based IFA in fourth acquisition of 2022

Three further acquisitions close

Julia Bahr
clock • 2 min read

Private equity-backed UK and US consolidator Kingswood has acquired Aim Independent, taking its UK advice team to 94.

Kingswood's fourth purchase in 2022 has taken its UK funds under advice/management to over £7.2bn from circa 19,300 active clients. The firm's assets under administration (AuA) will total over £9.1 billion from a combination of both global retail and institutional clients. Set up in 2000 and run by Phil Watson and Andy Davies, Eastleigh-based Aim serves more than 750 clients throughout Hampshire. The firm has five advisers, including Davies and Watson, and six support colleagues who help look after clients. It has around £217m AuA/M. In the year ending 31 July 2021, Aim generated revenue...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your Business

The emoji challenge: Navigating digital communication risks for IFAs

The emoji challenge: Navigating digital communication risks for IFAs

Why emojis are a double-edged sword

Harriet Christie
clock 10 March 2025 • 5 min read
Editor's view: Ab(e)rd(ee)n's vowel-iant return and Farage's Pancake Day promise

Editor's view: Ab(e)rd(ee)n's vowel-iant return and Farage's Pancake Day promise

The editor's Friday Night Takeaway from 7 March

Jen Frost
clock 07 March 2025 • 3 min read
Financial planning firms positive on growth

Financial planning firms positive on growth

Some 70% are feeling good about the year ahead, research finds

Isabel Baxter
clock 07 March 2025 • 4 min read