Ascot Lloyd acquires two UK-based IFA firms

clock • 1 min read

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'...

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Author spotlight

Christopher Copper-Ind

Christopher Copper-Ind is editor-in-chief of International Investment. Before this, he was editorial director of The Business Year, from 2014 to 2017.