“We acquired MMPI in March 2023 with the intention of identifying acquisition opportunities to help scale the business. We see the Irish market as rich in opportunity and hope to further add to our MMPI business in the near future,” David Lawrence, Kingswood Group CEO, said.

BasePlan is a financial advisory firm which has been providing client-led financial and retirement planning and wealth management services for over 30 years, managing client assets of €130 million ($140 million). Upon completion, there will be a managed handover and some of the team will remain, allowing for a transition for clients, the firm continued.

Established in 1993, MMPI is a financial advisory group based in Dublin which was acquired by Kingswood in March 2023, marking Kingswood's first step into the Irish market. The acquisition of BasePlan takes Kingswood assets under management in Ireland to over €1 billion.

Kingswood, which has £12 billion ($15 billion) of assets under advice and management, serves clients from offices across the UK with overseas offices in South Africa and the US.