Coniston-backed MWA has acquired Knighthood Financial Advisors (KFA) and the assets of Asset Management Advice (AMA) as part of their ongoing acquisition Strategy, supported by further funding from Coniston.
MWA Financial, an Independent Financial Advisor consolidation platform, has acquired KFA, an IFA based in Sevenoaks and the assets of Asset Management Advice, an IFA based in Hungerford.
The deal follows the acquisition of Cornwall-based Financial Advice Centre in August 2023 and supports MWA’s plan to become a national player in the IFA market taking their acquisitions to seven to-date with a pipeline beyond that.
Cam Banks, CEO of MWA, commented “We are delighted to have KFA and the assets of AMA on board. The additional investment from Coniston will facilitate our acquisition plans and coverage across the UK.”
Ben Kirby, who led the transaction for Coniston, said: “These latest acquisitions are testament to MWA’s ambition and determination to become a national player in the IFA market. We are pleased to be providing support to Cam and the team.”
Coniston was advised by Stephenson Harwood (Rich Coleman, Adam Crossley, Emily Davies & Gary McArthur).
MWA secured an initial growth capital investment from Coniston in October 2023 to fund their acquisition strategy.
