Financial Results
Kingswood Holdings Posts Record Results In 2021

Wealth manager Kingswood Holdings has released positive financial results for 2021, showing record levels of revenues and operating profit, after a series of acquisitions.
Kingswood Holdings said 2021 was another transformational year, with record levels of revenue of £149.7 million ($182 million), surging by 488 per cent compared with 2020.
The firm said that operating profit also jumped by £5.5 million ($6.7 million) to £6.3 million, reflecting the successful integration of acquisitions in the UK and growth in the US.
Kingswood UK is continuing to build a leading international
integrated wealth and investment management business, the firm
added. It has completed nine UK acquisitions since
August 2021, which have added £5.1 million annual operating
profit and about £2.6 billion assets under management and
advice to the group.
Kingswood US also raised over $9.0 billion capital for investment
banking clients in 2021 and increased the number of registered
representatives in its Registered Investment Advisor and
Independent Broker Dealer business by 21 per cent to 211, the
firm added.
The group's assets under management and advice increased by 15
per cent in the year to £6.8 billion, 10 per cent came from
organic growth and 5 per cent came from acquisitions, the firm
said.
"In my first year as chair of Kingswood I have been impressed by
the strong progress we are making in achieving our long-term
strategy to become a leading international fully-integrated
wealth and investment management business,” David Hudd, Kingswood
chairman, said.
“Despite the challenges faced, I am pleased to report record
levels of revenue and operating profit with significant growth
across wealth planning, investment management, and the US,” he
added.
"2021 was another year of growth and business expansion for
Kingswood US. We continue to seek out strategic relationships,
allowing advisors to expand their infrastructure and technology
ecosystem, and work with innovative investment providers, in
order to help meet the needs of our financial advisors and their
clients," Mike Nessim, Kingswood US CEO said.