Ascot Lloyd acquires Midlands-based Newell Palmer

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...