View more on these topics

Advice firm acquires Harrogate-based wealth manager


Independent advice firm Ascot Lloyd has acquired Harrogate-based wealth manager PFP Group for an undisclosed sum.

The combined businesses will be branded Ascot Lloyd, which now manages assets worth £2.2bn and employ 168 staff across 10 locations in the UK.

Ascot Lloyd chief executive Richard Dunbabin says: “Ascot Lloyd and the PFP Group are very closely aligned and the combined firm will benefit from synergies through pooling resources and professional experience.

“As a group we are acquisitive. We believe the need for high quality independent financial advice has never been greater. We will enhance and grow our national footprint by offering independent financial advice to all segments of the market, from the high-net-worth to those with smaller portfolios.”

PFP Group managing partner Ross Hyett, who will join the board of Ascot Lloyd, adds: “This is an exciting stage in the development of the PFP business. Joining Ascot Lloyd will allow us to expand and develop the range of services we offer, creating exciting opportunities for clients and staff.”


The times they are a-changin’

After joining Artemis last year, Cormac Weldon launched the Artemis US Equity, US Select and US Smaller Companies funds. A lot has happened in the US economy since — including a period of unexpectedly weak growth in the first quarter of this year. US stocks, however, have produced positive returns and all three funds are comfortably […]

Schroders adds duo to multi-asset business

Schroders has made two hires to its multi-asset team. The Multi-Asset Investment Portfolio Solutions business, which manages £75.5bn of assets, has hired Chris Hsia as product manager, reporting to head of UK and European product and manager solutions Henriette Bergh. Hsia joins Schroders from bank Morgan Stanley, where he was most recently chief investment officer. The second hire, Mei […]

The Brunner Investment Trust – April 2017

Welcome to the latest update for The Brunner Investment Trust PLC from the Trust’s portfolio manager, Lucy Macdonald. Market Review Global equities have rallied over the first quarter of 2017, buoyed by signs of strengthening growth and optimism over company earnings, although this rally has faded towards the quarter end. US equities posted their strongest […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment