Ascot Lloyd adds £400m AUM in double acquisition

Prest currently holds £3m of revenues and manages some £350m in assets, while QS Financial will add more than £65m of additional funds under management. Ascot Lloyd said the QS Financial acquisition complements its strength in the West Midlands region, further building on the recent acquisition of Newell Palmer. In December last year the firm acquired Newell Palmer, one of the largest advice firms in the west Midlands, for an undisclosed fee in a deal that saw the addition of £1.3bn in funds under influence. Ascot Lloyd CEO Nigel Stockton said: "Prest and QS Financial are two more ...