Ascot Lloyd to complete eight acquisitions before 2020

To add £1.2bn FUM

Tom Ellis
clock • 1 min read

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 ...

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