Swansea firm Portfolio Financial Consultancy acquired by Ascot Lloyd

Acquisition of the firm announced on its website and LinkedIn last week

Hope William-Smith
clock • 1 min read

Welsh financial advice firm Portfolio Financial Consultancy has been acquired by IFA giant Ascot Lloyd.

In a statement on its website, the Swansea-based firm assured clients that its level of service would remain under its new owners. "As valued clients, you are of the upmost importance to us," the statement read. "The high service that you have received from Portfolio Financial Consultancy will continue under the Ascot Lloyd name." According to the Financial Conduct Authority register, Portfolio Financial Consultancy was first authorised in 2006 and has also traded under the name Portfolio Wealth Management. Consolidator Ascot Lloyd was acquired by private equity investor Nordic Cap...

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

Newcastle Building Society advice arm buys ex-footballer's firm

Newcastle Building Society advice arm buys ex-footballer's firm

The advice firm of former Newcastle United footballer Keith Dyson

Hope Coumbe
clock 20 June 2024 • 1 min read
Advisers note uptick in clients rejecting harmful climate investments

Advisers note uptick in clients rejecting harmful climate investments

More clients focusing on climate risk in investment portfolios

Sahar Nazir
clock 20 June 2024 • 1 min read
Disillusioned advisers divided on general election hopes

Disillusioned advisers divided on general election hopes

Votes of financial advisers are up for grabs on 4 July

Laura Miller
clock 20 June 2024 • 5 min read