Aberdeen to close private client service after selling advice arm to Ascot Lloyd

It is understood that Aberdeen has written to clients to make them aware that the private client service is closing. The private client services include wills, powers of attorney, tax returns, estate planning and trustees service. This comes as the firm is said to be undergoing a restructure after it sold its financial planning division to Ascot Lloyd in August this year. At the time of the announcement, Aberdeen said the small private client services capability was not included in the deal. The deal saw 6,300 clients move to Ascot Lloyd, with the national advice business adding...