London-based MWA Financial has acquired IFA Knighthood Financial Advisers (KFA) in a deal advised by Brachers.
KFA was founded nine years ago in Kent by advisers and longtime colleagues David Tyler, James Richards, and Kevin Howard.
They now join MWA in what marks the London firm’s first deal since receiving growth capital investment from Coniston Capital in late 2023.
All three advisers and their support staff will remain with the business, integrating into and rebranding as MWA Financial Advice with immediate effect.
The deal is set to add £100 million in assets to the MWA group, led by chief executive Cam Banks and chaired by Ed Rosengarten.
David from KFA 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.”
Cam added: “The acquisition of KFA marks another important milestone for the group and an exciting next step for our growth strategy.
“In addition to a profitable business with a highly engaged and happy client base, we’ve gained an experienced and efficient team with the ambition, ability and incentive to play a major role in the future direction and growth of MWA.
“Thanks again to the Brachers team who continue to be a great partner for our business.”
Corporate partners Matt Simmonds and Daniel King led the team from Brachers.
Matt said: “KFA is fantastic addition to MWA Financial and I’m sure this will be a hugely successful partnership.
“It’s great to see Cam, Ed and the team at MWA Financial go from strength to strength – they’re always a true pleasure to work with and it’s great to be a part of their journey.”
Brachers has previously worked with MWA on five successful acquisitions of IFA businesses, primarily based in London and the South East, and on a funding partnership with ThinCats.