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In the press
June 2020

Ascot Lloyd, one of the UK’s largest and fastest growing independently owned IFA firms, is pleased to announce that it has completed a further six acquisitions in the first half of 2020. This builds on the Group’s seven acquisitions in 2019.

The six IFAs acquired include; Kemble Warwick, Corporate Benefits Consulting, Gregory Adam Financial Management, Fitzroy Wealth Management and Ring Associates.

The acquisitions collectively add £1.2 billion in funds under influence, approximately £8 million in annual revenue and over 2,300 clients. The additional 24 IFAs also further expand Ascot Lloyd’s national footprint, with new offices in Glasgow, Romsey Hampshire, Portishead and Kings Lynn.

Nigel Stockton, CEO of Ascot Lloyd, commented: “Ascot Lloyd continues to be one of the fastest growing IFAs in the UK, and these six businesses add to our already extensive national footprint. We now have over 18,000 clients serviced by our 18 offices. Critically, we are continuing to identify high-quality businesses that match our culture and values. For prospective IFAs, they are joining a business that can significantly alleviate the regulatory and compliance burdens they face, allowing them to increase time spent on their core role – advising clients.

Gordon Kerr, Acquisitions Director at Ascot Lloyd says“I am also pleased that, despite the market environment, we have been able to continue the momentum with which we ended 2019, having added seven high quality IFAs last year. Our strong balance sheet means we remain well positioned to continue to deliver on our growth strategy and we remain encouraged by the opportunities presented by our acquisition pipeline.”

Ascot Lloyd now has over £8 billion of funds under influence serviced by over 130 advisors.