Mattioli Woods acquires KRD Financial Advisers

Mattioli Woods has acquired West Midlands-based financial planning firm KRD Financial Advisers for an undisclosed amount.

KRD was founded in 2005 by Kevin Bissell and provides personalised financial advice across more than £400m of client assets.

The acquisition brings Mattioli Woods’ assets under advice and management to over £32bn and expands its presence in the Midlands.

Mattioli Woods said the purchase forms part of its expanding Retiring Adviser programme, which looks to provide succession and retirement solutions for financial advisers while ensuring continuity of advice and service for their clients.

Through the programme, clients transition to Mattioli Woods advisers via a process designed to maintain long-term relationships and minimise disruption.

The firm said this approach had been successfully implemented across several previous acquisitions.

“KRD is exactly the type of business our Retiring Adviser programme was designed to support,” commented Mattioli Woods chief executive officer, Peter Mann.

“David and Kevin have spent more than two decades building trusted relationships with clients across the West Midlands and we are delighted they have chosen Mattioli Woods as the long-term home for those clients."

Mann highlighted the firm’s priority of ensuring continuity, stability and a strong client experience throughout the transition, with clients set to continue to receive personalised advice from dedicated advisers while gaining access to the broader resources and investment from the Mattioli Woods Group.

"This acquisition further demonstrates the strength of our Retiring Adviser proposition and the growing demand from advisers seeking a trusted succession partner that shares their commitment to putting clients first,” he added.

KRD Financial Advisers founder, Kevin Bissell, said: "Choosing a successor for a business you have spent years building is one of the most important decisions an adviser can make.

"Throughout our discussions, it became clear that Mattioli Woods shares our values, our client-first approach and our commitment to long-term relationships.

“Their scale, expertise and financial strength give us great confidence that our clients will continue to receive the high standards of advice and service they have come to expect.

"We are pleased to have found a partner that can provide continuity for our clients while preserving the culture and principles that have shaped KRD over the last 20 years."

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