The acquisition of Barry Fleming & Partners brings the total number of acquisitions in 2022 to twelve
Kingswood, the Pollen Street Capital backed adviser, has agreed terms to acquire Barry Fleming & Partners, taking the number of acquisitions in 2022 to twelve. The acquisition remains subject to regulatory approval.
Barry Fleming & Partners is a Newbury based financial advisory and tax planning business managing £140m of assets under advice on behalf of 350 clients across Berkshire and the surrounding area. The acquisition builds on Kingswood’s presence in the local area through its existing Abingdon office.
The acquisition expands the Kingswood client facing advisory team to in excess of 130 people and funds under advice/management to over £9 billion across both the UK and Ireland. Total assets under advice for Kingswood Group now total over £11.3 billion.
Barry Fleming & Partner’s managing director Lisa Chantrey commented: “The whole team are incredibly excited to be working with Kingswood. Kingswood will offer us the platform to grow and develop our legacy.
“The changing times of financial planning and regulation are burdensome for smaller companies and the move to work with Kingswood will help spread the load of regulation and administration.
“The team remains unchanged and the move will allow us to concentrate even more of our time on our clients – a central experience at Barry Fleming and Partners.”
Commenting on the purchase, Kingswood Group chief executive David Lawrence praised the “extensive reputation” of Mr Fleming.
He added: “Extending into Berkshire is a further acknowledgement of our desire to grow our footprint.”
Barry Fleming, chair of Barry Fleming & Partners, said: “Kingswood’s ethos of putting their clients at the forefront of their service proposition dovetails with our own culture of providing a valued service and excellent advice”.
The deal comes soon after Kingswood acquired Macclesfield-based JFP Financial Services.
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Louise Jeffreys is managing director of Gunner & Co, an IFA broker with values based on strong relationships built on trust, credibility and value.
Gunner & Co. specialise in IFA sales, IFA business sales, retiring IFAs and IFA client bank sales.