Skerritts acquires financial planning firm KMG Independent Limited

Skerritts has acquired Horley-based financial planning firm, KMG Independent Limited and its sister firm KMG Investment Management Limited.

The move enhances Skerritts’ presence in the South East  as the group looks to accelerate its expansion nationally.

Headquartered in Hove, Skerritts is a chartered financial adviser and wealth manager.

In March 2021, Sovereign Capital Partners, a UK private equity Buy & Build specialist, completed a significant investment worth £55 million to develop the business through a strategy of organic and acquisitive growth, which has seen the addition of new offices in Kent, Hampshire, Chester  and London.

The purchase of the KMG companies adds over £400million of Assets Under Management, and brings the number of deals that the Skerritts Group has completed since the Sovereign investment up to nine.

Paul Feeney, CEO of Skerritts, says: “I am delighted to welcome the great team at KMG to the Skerritts Group. This takes us one step closer to achieving our mission of becoming Britain’s Premier Chartered Financial Planner.”