The firm, which has grown rapidly and carried out a number of M&A deals, now oversees more than £10 billion of assets under management. Its CEO since 2015 has decided to step down.

UK independent financial advisor Ascot Lloyd has started a hunt for a successor to Nigel Stockton (pictured), who has been at the helm as CEO for over eight years. 

“It is almost two years since we agreed for Ascot Lloyd to be bought by Nordic Capital and we decided together at that time that I would hand over to a new CEO when the timing was right,” Stockton said in a statement. “Now, the time has come to find my successor to continue building on Ascot Lloyd’s success and to grow and develop it even further.”

The firm rebranded to Ascot Lloyd from its old Bellpenny moniker in 2017.

Since the end of 2016, the company has tripled assets and more than quadrupled revenues, with more than 80 acquisitions executed to date, the business said. Ascot Lloyd has £10 billion ($12.7 billion) in funds under influence and provides financial planning, wealth management and corporate benefit solutions to more than 57,000 clients. It has over 500 staff across its 21 UK locations.