Ascot Lloyd Strengthens Positions in Scotland by Acquiring Central Investment

Fazzaco learned that independent financial service firm Ascot Lloyd has closed the acquisition of Aberdeen-based Central Investment Services (Central Investment), which is an independent financial adviser providing services to both private and corporate clients.

Ascot Lloyd stated that the deal enabled it to become one of the largest financial adviser companies in Aberdeen.

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“Ascot Lloyd continues to be one of the fastest growing IFAs in the UK, and the acquisition of Central Investment adds to our already extensive national footprint,” Ascot Lloyd CEO Nigel Stockton commented. “We are extremely pleased that we have been able to continue the momentum with which we ended 2020 and our strong balance sheet means that we remain well-positioned to continue to deliver on our M&A strategy.”

Besides, Derek Robertson, Managing Director of Central Investment, stressed that Central Investment had difficulty in adapting to the growing regulatory burdens and ever-rising costs. 

“Joining with a national firm such as Ascot Lloyd, means we have the support behind us and we can continue to grow and serve our local community working with clients in the long-term as we always have,” he added.