Newell Palmer Group is one of the largest and fastest-growing Independent Financial Advisers in the West Midlands with funds under management in excess of £2.3 billion.
The sale to Ascot Lloyd, one of the UK’s leading independently-owned IFA firms, creates a national IFA Group with significant presence in the West Midlands. The transaction forms part of Ascot Lloyd’s strategy to develop scale, expand regional footprint and its client base.
BDO worked with us over many years to prepare for our eventual exit. They were professional, very patient and advised us to make strategic changes when necessary in order to enhance potential value. They were key to the successful sale of our business and I would have no hesitation in highly recommending them.
Philip Stepp, Group Managing Director and Majority Shareholder