Kingswood US Recruits $355 Million in Assets, Adds Merrill Lynch and Morgan Stanley Financial Advisors

Michael Madden, Contributing Editor & Research Analyst, Wealth Solutions Report

$3 Billion Firm Cites Adaptable Platform, Flexible Affiliation Models as Growth Drivers 

New York-based Kingswood U.S., a subsidiary of London-based Kingswood Group, announced the recruitment of eight financial advisors with a collective $355 million in client assets from across the nation, adding significantly to the firm’s current $3 billion in client assets.

Having grown from approximately 35 financial advisors in 2019 to over 200 today, Kingswood’s CEO, President and Managing Partner, Michael Nessim, attributes the rapid increase to the firm’s flexibility in affiliation models and an adaptable platform.

Michael Nessim, CEO, President & Managing Partner, Kingswood

“Kingswood’s ability to draw exceptional advisors who seek the variety of affiliation models that we provide, is evidence of our ongoing success in providing a nimble, adaptable platform that enables our advisors to extend their market reach while empowering them to do more,” said Nessim in a press release issued earlier this week.

According to the press release, the financial advisors joining Kingswood U.S. include, among others, Conrad Branson, of Kentfield, California-based Birchwood Wealth Advisors, with $150 million in total client assets, as well as Jason Nickels, of Simi Valley, California, formerly of Merrill Lynch and Morgan Stanley, with $70 million in assets.

Small can win!

The newly recruited financial advisors also include Daniel F. Spagnolo, of Huntington Station, New York-based Dynamic Financial Services, with $60 million in client assets, who provides financial planning, insurance and alternative investment expertise, retirement planning and asset management. 

Evidenced by these recent advisor transitions, Kingswood’s small size appears to be working in its favor in the recruiting wars, a topic we covered in April. 

Kingswood U.S. announced in March that it will consolidate its RIA platforms, Benchmark Advisory Services and Kingswood Wealth Advisors under a single brand.


Michael Madden, Contributing Editor & Research Analyst, can be reached at mmadden@wealthsolutionsreport.com

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