Ascot Lloyd snaps up six more advice firms in 2020

Adds £1.2bn FUM

clock • 2 min read

Ascot Lloyd has bought a further six advice firms in the first half of 2020, adding 24 advisers and boosting its funds under management (FUM) by £1.2bn.

The national IFA firm's acquisitions include of Kemble Warwick, Corporate Benefits Consulting, Gregory Adam Financial Management, Fitzroy Wealth Management and IFA Ring Associates. The consolidator would not name the sixth firm it has acquired in 2020. In 2019 the consolidator intended to make eight acquisitions, but managed one less and added seven firms to its network. In total the network has more than £8bn of funds under influence and 130 advisers. Ascot Lloyd acquisitions director Gordon Kerr said despite the market environment, the firm was pushing ahead with the momentum they h...

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