Wealth and investment management group Kingswood Holdings is to acquire Kent-based financial planning business Smythe and Walter, its latest in a series of acquisitions.

Following completion, £420,000 will be paid immediately to Smythe and Walter and up to £420,000 will be payable on a deferred basis over the following two years, subject to the achievement of pre-agreed performance targets. The acquisition will be funded from cash recently received by Kingswood from the issue of new convertible preference shares.

Earlier this month, Kingswood acquired Money Matters...