LONDON: Kingswood Holdings Limited, the integrated wealth management group, has announced that after a period of restructuring, the platform is in a position to deliver sustained earnings growth for investors.
While the last couple of years have seen a period of significant change within the Group and 2018 also impacted by a highly uncertain market environment and weaker investor sentiment resulting in an industry-wide slowdown in net inflows, the Board believes that the Group is well-positioned for growth once sentiment improves.
A new management team and organisation structure is now in place, and the three-year growth plan initiated by the Board at the beginning of the year has solidified a number of strategic initiatives designed to enhance client yield and stimulate growth. The Board and management’s key objective is to prove its model and execution capability.
Recent business initiatives include expansion of the Wealth Planning business with the acquisition of Marchant McKechnie in East Yorkshire completed in Q4 2018, in addition to the purchase of Oxford-based Thomas & Co in early Q1 2019, have further bolstered the Group’s wealth planning foundation. The acquisitions, which are performing to plan, broaden Kingswood’s UK footprint and the Group continues to pursue additional accretive investments across the UK and internationally with a pipeline in excess of £100 million under evaluation. In order to execute on this pipeline, the Company is exploring opportunities to source additional funding via institutional investors to meet its requirements.
Kingswood embarked on an enhanced strategy to provide existing and new clients unprecedented access to best in class investment products across equities, fixed income and alternatives, managed by best in class global investment managers. Many of these products are currently solely available to institutional investors.
The company set its sights on US expansion and growing investment distribution channels for its products and to support its US growth efforts, Kingswood has appointed Najib Canaan as US CEO.
The company also launching an enhanced Managed Portfolio Service (MPS) which is available via industry platforms used by wealth planners across the UK. The MPS offering provides intermediaries with a discretionary managed, risk-rated investment solution for their underlying clients.
Expanding its product offering particularly in real estate, Kingswood recently signed a cooperation agreement with its affiliate Moor Park Capital Partners LLP, an independent pan-European real estate investment firm that creates a partnership to broaden Kingswood’s alternative investment product offering to its clients.
Patrick Goulding, Group CFO and CEO of Kingswood’s operating platforms, commented: “We have a strong competitive advantage with our integrated Wealth Planning and Investment Management platform. We plan to leverage the platform to its full potential and are looking to expand our current product offering with turn-key opportunities such as mortgages, cash management and lending products, including the launch of Kingswood labelled products in partnership with best in class industry expertise.”[the_ad id=”31605”]