Ascot Lloyd continues consolidation push with acquisition after hiring M&A specialist

Latest purchase adds £382m FUM

clock • 2 min read

Ascot Lloyd will push on with its acquisition plans this year despite a turbulent market, with its latest purchase of IFA Ring Associations adding £382m funds under management (FUM) to the advice giant.

The latest acquisition of the King's Lynn-based firm will add 12 advisers from the Simon Ring-headed IFA and expand Ascot Lloyd's presence to the region. It follows the recent appointment of Gordon Kerr (pictured) as Ascot Lloyd's acquisition director, who worked with Deloitte for 13 years including as a mergers and acquisitions (M&A) specialist. Kerr told Professional Adviser Ascot Lloyd was in a unique position to help smaller advice firms adapt to the rapidly changing market brought about by coronavirus. He said: "This has been a sector that's following some of the well-trodden ...

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