Mattioli Woods and Kingswood Merge to Create a £25bn Wealth Management Powerhouse
- Simon Bourke
- May 29
- 2 min read
Updated: Jun 12
29th May 2025
In a sign of the accelerating pace of consolidation in UK wealth management, Mattioli Woods and Kingswood have confirmed their merger, which will create a group worth £25bn, serving over 25,000 clients across more than 40 offices. The agreement is subject to regulatory approval and marks a significant milestone in both firms' strategic evolution under the private equity ownership of Pollen Street Capital.
This merger combines two well-established advisory brands committed to strengthening client relationships, expanding their talent pool, and enhancing their wealth planning, investment management, and pensions offerings. Both firms anticipate the integration will increase scale, a stronger market position, and an improved client experience through innovation, service excellence, and sustainable growth.
Ian Mattioli, CEO and founder of Mattioli Woods, described the merger as transformative and emphasised the cultural and strategic alignment between the two firms. He noted that joining forces with Kingswood brings together two highly complementary businesses dedicated to delivering long-term value while maintaining a client-focused approach. Peter Coleman, CEO of Kingswood Group, echoed this sentiment, highlighting the firm's market-leading DFM and IBOSS brands and Mattioli Woods' expertise in specialist pensions and group benefits.
This deal is the latest among several high-profile private equity-driven developments in the sector. Earlier this month, Saltus acquired Delta Financial Management, adding £400m in assets and reinforcing its client-led acquisition model. Shortly before that, Bain Capital entered the UK advice market with a £120m minority investment in Openwork to support adviser succession and digital transformation.
What distinguishes the Mattioli-Kingswood merger is its scale and strategic intent. Both firms have operated under the same private equity parent, with Pollen Street Capital’s subsidiary, HSQ, acquiring the remaining shares in Kingswood earlier this year. The merger represents a logical next step in a longer-term plan to build a national advisory business capable of providing best-in-class services while remaining agile and adviser-led.
For clients, staff, and competitors watching closely, this deal signifies more than just a rebranding; it represents a shift in what can be achieved when like-minded firms with shared values and ambitions unite under stable, well-capitalised ownership. The future of this merger will be closely observed, particularly by smaller advisory businesses contemplating their own futures in a rapidly consolidating marketplace.
At Chapters Capital, we specialise in financial planning and wealth management M&A and understand the importance of strategic acquisitions for growth. Whether you are considering a sale, merger, or expansion or want to learn more about buyers in the space, please contact one of our professional associates today for a confidential, no-obligation consultation.
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