December 13 2013 Latest news:
Tuesday, September 17, 2013
Regional chartered accountants firm Ensors has sold its financial services subsidiary, Ensors Financial Planning Limited, to Ascot Lloyd Financial Services.
Ascot Lloyd, which is based in Wokingham, Berkshire, currently has a network of five offices and will now also have a permanent presence in each of the Ensors’ five East Anglian-based offices, in Bury St Edmunds, Cambridge, Huntingdon, Ipswich and Saxmundham.
Danny Clifford, managing partner at Ensors, said: “We are delighted to sell this business to a firm such as Ascot Lloyd who have such an impressive reputation in the industry and who will be able to increase significantly the resource available to clients of the business.
“We are also delighted to be maintaining a pro-active relationship with Ascot Lloyd and look forward to working together with them for many years to come.”
Pat O’Hara, managing director at Ascot Lloyd, added: “We are delighted to have been chosen by Ensors as a safe pair of hands for both existing and new clients alike.
“We have years of experience in dealing with referrals from accountancy practices and our expanding national office network will enable us to respond to the increasing demand from accountants as many choose not to handle financial services business ‘in-house’ following the implementation of RDR [the Retail Distribution Review of financial services provision}.”