Ascot Lloyd has recorded a total group revenue of £84.6m for the year ending 31 December 2023, putting its success down to a strong set of completed acquisitions.
The national IFA completed a further five acquisitions in 2023 (more than 40 since 2017) which took the number of core clients to nearly 25,000. Ascot Lloyd's group adjusted earnings before interest, taxes, depreciation and amortisation stood at £18.8m, down from £20.8m in 2022. Meanwhile, its total funds under management were £10.7bn, up from £9.6bn in 2022. Chief executive (CEO) Nigel Stockton said: "While the volatile market environment continued to impact our performance in 2023, I believe that our results also demonstrate the resilience and strength of our business, with stead...
To continue reading this article...
Join Professional Adviser for free
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
