Wealth manager and Financial Planner Mattioli Woods has acquired a £400m AUM/A (Assets Under Management / Advice) Financial Planner firm serving 1,000 households in the West Midlands.
Mattioli Woods, which also has a large SIPP and SSAS business, says the deal to acquire KRD Financial Advisers Limited will also boost its own assets under advice and management to £32bn as it prepares to expand its programme to help advisers retire and sell their businesses to Mattioli.
The cost of the acquisition has not been made public.
KRD is based near Stourbridge and is a long established Financial Planning business serving more than 1,000 households in the West Midlands.
The firm was founded in 2005 by Kevin Bissell and has focused on delivering personalised financial advice to several thousand end clients.
The acquisition is part of Mattioli Woods' Retiring Adviser programme which aims to provide succession and retirement solutions for financial advisers.
Peter Mann, chief executive of Mattioli Woods, said: "KRD is exactly the type of business our Retiring Adviser programme was designed to support. 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.”
Kevin Bissell, founder of KRD Financial Advisers, said: "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.”
Founded in 1991, Mattioli Woods provides wealth management, Financial Planning and employee benefits services to individuals, families, business owners and corporate clients across the UK.
Mattioli Woods has more than 30,000 clients itself and provides professional advice to individuals, families and businesses. It also provides SIPPs and SSAS and inheritance tax and estate planning.
Last year Mattioli Woods announced it would merge with wealth manager and Financial Planner Kingswood to form a wealth manager with more than £25bn in assets. The merger completed at the end of 2025.
Wealth manager and SIPP provider Mattioli Woods recently announced it would integrate with Financial Planner Kingswood Group under a unified Mattioli Woods brand, following the firms’ merger last year. The deal will see the end of the Kingswood brand.
Kingswood, which itself acquired more than 20 financial advice firms, hit the buffers in recent years and needed several cash injections to repay loans. At one stage Kingswood had to warn that it could run out of money to service its £91m debt pile.
Both Mattioli Woods and Kingswood are managed and advised by private equity group Pollen Street Capital.