UK financial advice firm Ascot Lloyd has completed its acquisition of Aberdeen Financial Planning (AFP).
The acquisition bolsters Ascot Lloyd’s assets under advice by £3.6bn taking the combined figure to £14.8bn, with a further 6,000 clients moving to the adviser bringing the total to 39,000.
Over 60 advisers have also joined Ascot Lloyd taking total adviser headcount to 208.
AFP’s strong presence in among the high net worth client base stands Ascot Lloyd in good stead to accelerate its growth in the segment while AFP’s restricted advice offering should also support Ascot Lloyd’s plans for its younger cohort of clients.
Francis Jackson, CEO at Ascot Lloyd, said: “We are delighted to have completed our acquisition of Aberdeen Financial Planning, a fantastic business that brings with it high-quality people and a highly complementary national client footprint.
“The acquisition meaningfully increases our scale and the suite of capabilities we can offer, supporting our continued growth and the build out of our client value-proposition. Our focus now is on leveraging the scale and expertise we have within the business to deliver for the many different client groups we serve at Ascot Lloyd.”
He added: “We look forward to working with our new colleagues and clients to build on the strong momentum we have behind the business as we progress through 2026.”
