Ascot Lloyd buys Harvard Financial Management

Ascot Lloyd has announced the acquisition of fellow IFA business Harvard Financial Management.

Portfolio Adviser


Based in Dorset, Harvard specialises in providing pensions, investment, wealth management, financial planning and life insurance services to private clients.

The financial terms of the deal are not being disclosed.

Ascot Lloyd in in the midst of an expansion drive and is also making a move into discretionary fund management. The firm said the deal will enable it to enhance the services it offers in the South of England.

This time last year Ascot Lloyd merged with PFP Group, and the latest move continues that drive.

A number of Ascot Lloyd financial advisers will join the nine Harvard staff currently based in Christchurch.

Chief executive officer of Ascot Lloyd, Richard Dunbabin said: “We are pleased to be expanding on the South Coast with an acquisition which adds significant potential for us to grow the services we provide in the area. This is a strategically significant acquisition, which complements our proposition with considerable expertise in specialist areas of advice such as pension transfers.”

“Harvard boasts an excellent client base and talented team of advisers and support staff,” he continued. “We remain acquisitive and will continue to look for similar businesses that can contribute to our mission of building the UK’s leading national IFA firm.”

Mark Werner, managing director of Harvard Financial Management added: “Ascot Lloyd shares our commitment to excellent client service and market-leading financial advice. This move will enable us to achieve economies of scale by utilising Ascot Lloyd’s impressive back office and central functions, freeing up more time for our financial advisers to focus on the quality of the solutions we offer. I look forward to working with our new, larger team to develop our business through a new period of growth.”


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