Ascot Lloyd has recorded a total group revenue of £80.6m for the year ending 31 December 2022, putting its success down to strong client growth
The national IFA completed six acquisitions in 2022 (over 35 since 2017) which took the number of core clients to nearly 24,000. It has completed three acquisitions this year, most recently Welsh financial advice firm Portfolio Financial Consultancy. Ascot Lloyd's group adjusted earnings before interest, taxes, depreciation and amortisation stood at £20.8m, down from £23.1m in 2021. It managed approximately £9.6bn in total funds as at the end of last year, slightly lower than the £9.8bn reported in 2021. The firm's ownership transition to Nordic Capital officially concluded in S...
To continue reading this article...
Join Professional Adviser
Signup and gain exclusive members-only insights
- 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.
