Ascot Lloyd has announced that is has acquired Ring Associates.
Ring Associates is a Kings Lynn based IFA firm with more than £380 million funds under management. It has provided a wide range of financial planning and wealth management services to the local community for 18 years through their 12 advisers.
Ascot Lloyd provides financial planning, wealth management and corporate benefit solutions to more than 18,000 clients across the UK. It has £8 billion funds under influence and 130 advisers.
Nigel Stockton, CEO of Ascot Lloyd, commented: “Ascot Lloyd continues to be one of the fastest growing IFAs in the UK. Ring Associates adds to our already extensive national footprint and we are delighted to be establishing a presence in Kings Lynn. We now have over 18,000 clients serviced by our 19 offices. Critically, we are focused on adding high-quality businesses that match our culture and values. For prospective IFAs, they are joining a platform that can significant alleviate the regulatory and compliance burdens they face, allowing them to increase time spent on their core role – advising clients.”
Gunner & Co. asked Gordon Kerr, acquisitions director at Ascot Lloyd their stance, given current market condisyions. “We’re quickly adapting as an organisation to new ways of working and proceeding with business as usual. We have our funding in place and remain in the market looking for opportunities. We are likely to be flexible on payment terms to allow for market recovery” he said.
Simon Ring, Ring Associates, added: “We are very pleased to be joining Ascot Lloyd, having worked hard to find a partner who matched our commitment to both client service and maintaining a strong presence in Kings Lynn. Importantly, it will be very much business as usual for our clients who will continue to engage with the same advisers, but with the added benefits that being part of a leading UK business bring.”
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To understand more about Ascot Lloyd as a business buyer, contact louise.jeffreys@gunnerandco.com