Ascot Lloyd acquires two UK-based IFA firms

Ascot Lloyd, one of the UK's largest independently-owned IFA firms, has announced the acquisition of two financial advisory firms, Prest Financial Planning and QS Financial. Prest Financial Planning is a Stockport-based IFA employing 6 financial planners and 26 employees in total. It brings over £3m of revenues and over £1m EBITDA to Ascot Lloyd, managing approximately £350m in assets. Following completion, Prest will transition to the Ascot Lloyd brand. QS Financial, based in Bromsgrove, brings over £65m of additional funds under management into the Group and complements Ascot Lloyd'...