Wealth and investment manager, Kingswood, has announced the acquisition of JFP Holdings.

The firm is the holding company of JFP Financial Services, a financial advisory firm based in Macclesfield.

Established over 40 years ago, JFP Holdings services clients predominantly across Cheshire, Derbyshire and Staffordshire and manages £360m of client assets across 1,295 clients.

Kingswood stated that it will satisfy the consideration through the utilisation of its funding facility, as announced on 17 October 2022.

“The acquisition of JFP Holdings will expand our geographical footprint into the North West region and an affluent South Manchester area,” said Kingswood group CEO, David Lawrence. “JFP Holdings are a high-quality business that has operated with its affiliate Josolyne & Co, a leading chartered accountancy practice, for many years.

“Led by Andy Heywood, JFP Holdings have a long track record of delivering an exceptional level of service and strong client relationships over many years, and I am delighted to welcome them to the Kingswood Group.

“Our growth strategy is important and we are strongly committed to supporting more clients. We have a further four acquisitions under exclusive due diligence that we expect to close in the coming months, plus a number of additional transactions that are currently under negotiation.”

Director of JFP, Andrew Heywood, added: “We are delighted to be joining Kingswood. Throughout the sales process there were a number of important factors that influenced our decision, but the over-riding requirement was for us to have an excellent matching of cultures with any firm looking to acquire us.

“The cultural fit between our two firms was evident from our first meeting with David Lawrence and has been confirmed throughout our dealings with David and his team. We are looking forward to working within the Kingswood Group which we know will be a great home for our staff and clients.”

Kingswood also confirmed that it has now completed the acquisition of JCH Investment Management, a financial advice firm based in Lincoln, following receipt of regulatory approval.

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