National IFA firm Ascot Lloyd had said it has agreed terms of eight acquisitions that will complete before the end of the year.
The firm recently completed a double acquisition by purchasing Stockport-based Prest Financial Planning and Bromsgrove-based QS Financial. Those two deals added an accumulative £400m in assets under management. Ascot Lloyd said its acquisition pipeline of eight firms will add a further 20 advisers, £15m of revenue and £1.2bn of funds under management. The national firm currently has £7.5bn funds under influence, 100 financial advisers and 12,500 clients. CEO Nigel Stockton said: "The outlook for our business has never been so positive, currently of the approximately £600 billion of ...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- 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
