Wealth manager Kingswood’s total revenues increased by 13 percent to £4.2 million for the six months to 30 June 2019.

In the firms unaudited 2019 H1 results it stated this increase, from £3.7 million the previous year) was aided by the acquisitions of Yorkshire-based Marchant McKechnie in Q4 2018, and Oxford-based Thomas & Co.

Wealth planning’s revenues (£2.1 million) were slightly higher than the £2 million reported for investment management.

However, the firm's pre-tax losses increased significantly to £2.2 million from £1.7 the year before.

The firm’s core adjusted loss halved, fro...