Ludlow eyes acquisitions and £1bn target

Ludlow Wealth Management Group is aiming for further expansion in 2014 as it aims to acquire more wealth management businesses.

The firm, which celebrates its 21st anniversary later this year, is also aiming to double its funds under advice to £1bn within five years.  Ludlow currently employs 42 people and will be recruiting more experts to the wealth management business in the first half of the year.

Ian Hemingway, managing director of Ludlow, said: “The wealth management profession has changed significantly over the past three years and this has presented us with opportunities which we’ve seized.

“We completed six acquisitions in the past 18 months and have entered into two strategic joint ventures which have given us a very solid platform for further growth and we’ll continue with this strategy.

“A further objective is to increase the amount of funds under advice from £550 million to £1bn as this enhances our ability to negotiate the best terms for our clients. We’ll also be identifying and developing added value strategic alliances.”

In May 2013 Ludlow added a new office in Liverpool to add to its other offices in Preston, Lytham, Blackburn and the firm’s head office in Southport. Later in the year Ludlow entered into a joint venture with a care provider, Caring Hands, to provide a pioneering independent financial advice service for those seeking domiciliary care.

Ian concluded: “The future is looking very promising for the business and our model of success is based on something quite simple. That is ensuring our clients are given an outstanding client experience, whoever they deal with at Ludlow. Clients trust our experts to look after their financial affairs and we never lose sight of that.”

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