Financial Planner Ascot Lloyd has completed six acquisitions in the first half of 2020, adding £1.2bn in funds under influence.

This is in addition to the group’s seven acquisitions in 2019.

The Financial Planners acquired were Kemble Warwick, Corporate Benefits Consulting, Gregory Adam Financial Management, Fitzroy Wealth Management and Ring Associates. A sixth firm has not been named yet.

Between them the acquisitions add £1.2bn in funds under influence, approximately £8m in annual revenue and over 2,300 clients.

The acquisitions expand Ascot Lloyd’s local offices, with new offices in Glasgow, Romsey Hampshire, Portishead and Kings Lynn.

Nigel Stockton, chief executive of Ascot Lloyd, said: “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.”

With these latest acquisitions added, Ascot Lloyd now has over £8bn of funds under influence serviced by over 130 advisers.