In April the company confirmed it had an acquisition pipeline in excess of £100m, stating in its annual results it was actively searching for funding opportunities to support these deals.
In a market statement released today (June 25) Kingswood announced it was now in the process of agreeing terms with an investor of "substantial" capital.
The company said it had agreed "non-binding heads of terms" for a potential equity investment, with the investor set to become a shareholder in the business as part of the deal.
The wealth management group said it was pursuing acquisitions in the UK and internationally, confirming a "number" of deals were in the advanced stages of negotiation.
In February Kingswood bought Oxfordshire-based Thomas & Co Financial Services for £3.3m, adding £150m of assets under advice to the company.
The AIM-listed wealth manager currently has more than 4,500 active clients and about £2bn in assets under management and advice.
In March Kingswood appointed a US chief executive, Najib Canaan, as part of its international expansion plans, with the company taking an initial stake in Manhattan Harbor, its first US partnership, two months later.
rachel.addison@ft.com
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