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

Clients have been made aware

Isabel Baxter
clock • 1 min read

Aberdeen is closing its private client service arm following the sale of its financial planning 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...

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 Companies

Fairstone buys in West Country

Fairstone buys in West Country

Snaps up Somerset advice firm

Jen Frost
clock 23 October 2026 • 2 min read
Rathbones' improvement plan on track after Skilled Person review

Rathbones' improvement plan on track after Skilled Person review

Customer Risk Rating framework in place

Jenna Brown
clock 22 October 2026 • 2 min read
Rathbones predicts Vision IFP s166 notice costs could hit £2.5m

Rathbones predicts Vision IFP s166 notice costs could hit £2.5m

Regulator intervened in August

Jenna Brown
clock 22 October 2026 • 1 min read