The acquisitive Financial Planning and wealth management firm Kingswood has today completed its deal to buy South-Yorkshire-based DJ Cooke (Life & Pensions) in a deal worth £1.5m.

The takeover adds £70m in assets under advice and 340 active clients to Kingswood.

The deal was first announced in January with Kingswood paying £1.5m over a two-year period for the acquisition.

Kingswood says the deal boosts its client-facing advisory team to 94 and total staff to 300. It has UK funds under advice or management of £7.2bn. 

Kingwood says it now has more than 19,300 active clients and global assets of over £9.4bn including its growing advisory interests in the US.

DJ Cooke is a Financial Planning firm specialising in retirement and investment planning. David Cooke, CEO, is the sole adviser and has joined Kingswood as part of the deal to help smooth client transition.

DJ Cooke works with clients mainly in South Yorkshire and the north Midlands is based in Conisbrough, South Yorkshire.

Kingswood's acquisitions are mainly funded by private equity firm Pollen Street which has so far provided equity of nearly £80m.