Ascot Lloyd acquires Midlands-based Newell Palmer

Adds £12m revenues

Hannah Godfrey
clock • 1 min read

Ascot Lloyd has acquired Newell Palmer, one of the largest advice firms in the west Midlands, for an undisclosed fee in a deal that sees the former add £1.3bn in funds under influence

The acquisition is expected to add more than £12m in revenues to the Ascot Lloyd Group, and will take client funds to more than £7bn within the firm, which will now have more than 100 independent advisers. Ascot Lloyd said the move would create a "significant presence" in the west Midlands, and add a sizeable office in Wolverhampton, as well as satellite offices in Nuneaton and Bromsgrove. Newell Palmer's 51st acquisition adds £35m FUM Newell Palmer will rebrand as Ascot Lloyd in the second half of 2019. The firm said advisers at the firm would be staying throughout the acquisition...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

Advisers warn salary sacrifice cap risks deterring pension saving

Advisers warn salary sacrifice cap risks deterring pension saving

Restriction will raise £4.7bn in 2029/30

Sahar Nazir
clock 27 November 2025 • 3 min read
Advisers on cash ISA allowance cut: Move welcome but education concerns persist

Advisers on cash ISA allowance cut: Move welcome but education concerns persist

Limit cut from £20,000 to £12,000 confirmed in Autumn Budget today

Sahar Nazir
clock 27 November 2025 • 3 min read
Reeves promises to not 'return back to austerity' in pre-Budget message

Reeves promises to not 'return back to austerity' in pre-Budget message

'Biggest drive for growth in a generation'

Michael Nelson
clock 26 November 2025 • 1 min read