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Ascot Lloyd secured a seven-figure funding deal and expanded its London-based private office to Harrogate. Clydesdale Bank provided the financing, which will be used to pay deferred considerations on Ascot Lloyd’s previous acquisitions as well as future deals.
The Ascot Lloyd private office provides bespoke wealth management for families and individuals with investable assets of at least £500k, according to MoneyMarketing.
Ascot Lloyd has a staff of 40 in Harrogate and 12 in the West End of London. The Harrogate office also houses around 30 staff working for Ascot Lloyd benefit solutions.
The company manages about £2B of assets for its clients. CEO Richard Dunbabin says there is a growing need for wealth solutions across Yorkshire, and is enhancing the company’s offerings to meet that demand. [MM]
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