The latest M&A deals in wealth and asset management.

Kingswood
Further to the announcement of 26 September 2022 and following regulatory approval, Kingswood Holdings Limited, trading as Kingswood, said it has completed its acquisition of Moloney Investments Ltd, a financial advice firm based in Dublin, Ireland.

Kingswood Holdings Limited is an AIM-listed international fully-integrated wealth management group with circa £11 billion ($13.2 billion) of assets under advice and management. It serves clients from a growing network of offices across the UK with overseas offices in South Africa and the US.

Stonehage Fleming
Stonehage Fleming, an international multi-family office, wrapped up its purchase of the business and assets of Rootstock Investment Management, an investment firm based in South Africa.

The transaction was previously announced on 21 October 2022.

Taking effect from 1 March 2023, Rootstock’s Worldwide Flexible Fund has been rebranded as the Stonehage Fleming Worldwide Flexible Fund. Rootstock’s Global Equity Fund has been amalgamated into Stonehage Fleming’s Global Best Ideas Equity Fund, which is managed in London by Gerrit Smit.

Chris Merry, Stonehage Fleming group CEO, said: “We are pleased to announce the formal completion of our acquisition of Rootstock. Making selected acquisitions to enhance our proposition and increase our scale as a complement to organic growth is part of our strategic plan. We will continue to look for more opportunities to bring our differentiated and comprehensive offering to new clients.”

Stonehage Fleming was advised on the transaction by Stonehage Fleming Advisory and Stonehage Fleming Law.