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 ...

To continue reading this article...

Join Professional Adviser for free

  • 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

Join

 

Already a Professional Adviser member?

Login

More on Your profession

Carla Brown: PFS will reassert itself as voice of the profession in 2026

Carla Brown: PFS will reassert itself as voice of the profession in 2026

PFS president and chair on building trust

Carla Brown
clock 16 June 2026 • 4 min read
Advisers need 'robust' scam protections as investment fraud losses hit £221m

Advisers need 'robust' scam protections as investment fraud losses hit £221m

Investment fraud up 40% year-on-year

Sophia Panayi
clock 15 June 2026 • 2 min read
News editor's view: Why advisers should pay attention to student loans

News editor's view: Why advisers should pay attention to student loans

The news editor's Friday Night Takeaway from 12 June

Isabel Baxter
clock 12 June 2026 • 4 min read