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With fresh eyes or false expectations, Kingswood Holdings sets sights on US advisors by buying the small, forgotten IBDs that hold their assets

The UK-based roll-up pushes a US reset button (to perhaps push alternative products) after iterations of the group back home wrestled with debt, acquisitions, new owners, products, heavy losses, numerous CEOs, and a stop-start reboot

Author Oisin Breen June 14, 2019 at 9:17 PM
Admin:
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Gary Wilder: We see ourselves over the next five years growing substantially. We have access to significant capital and we will allocate it where we can achieve the best [results].

Jeff Spears

Jeff Spears

June 15, 2019 — 3:39 PM
Louis could be correct. The only change he is wrong is that the brokers/advisors have imbedded talent than can be tapped with good training. We have seen that cross selling doesn’t work.

Related Moves

Three months after Larry Roth's SPAC steps in, Derek Bruton steps down as Kingswood US CEO and eyes next move in July with no Kingswood successor in sight

The former LPLer's three-year stint began with Chalice in San Diego and ended with lead role in a British roll-up later swallowed by an investment firm headed by former Cetera CEO Roth.

March 30, 2021 at 8:00 PM

Derek Bruton rides again as CEO of Chalice Wealth Partners IBD and RIA, after Kingswood acquisition splits units from the services outsourcer

The dynamic duo of Keith Gregg and Derek Bruton has split into solo acts -- with Bruton joining British roll-up arrivistes, Kingswood. But there's no hard feelings, say the pair.

January 21, 2020 at 7:52 PM

As Bob Oros-led HighTower reboots, it bags an ex-Goldman RIA, hires two, makes a CMO imminent, and clarifies mission

The new CEO will need to somehow weave together the debris of the first roll-up run and the new one to the satisfaction of RIAs and the hundreds of people already inside the HighTower umbrella

March 20, 2019 at 11:32 PM


Mentioned in this article:

Finetooth Consulting
Consulting Firm
Top Executive: Ryan Shanks

FA Match
Consulting Firm, Specialized Breakaway Service, Recruiter
Top Executive: Ryan Shanks



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