MWA Financial has acquired Kent-based IFA Knighthood Financial Advice adding £100m assets under advice to the group.
MWA Financial was launched by chief executive Campbell Banks in 2016 with the aim of recreating here in the UK the holistic advice model prevalent in his native Australia. Ed Rosengarten became executive chairman in 2021.
Coniston Capital took a minority stake in MWA Financial in 2023 and this latest deal is its first in 2024.
Knighthood Financial Advice was founded nine years ago by advisers and long-term colleagues David Tyler, James Richards, and Kevin Howard.
All three advisers and their support staff will all remain with the business, integrating into and rebranding as MWA Financial Advice with immediate effect.
Tyler said: “What Cam, Ed and the team have created at MWA is testament to the considerable experience they have in the sector and the unwavering passion they have for building a market-leading advice business.
“From our earliest conversations there were clear and obvious synergies in both our thinking and business practices that made the decision to agree a deal an easy one.”
