National wealth manager Ascot Lloyd, which employs more than 100 advisers, has adopted Financial Planning-style cashflow modelling to provide a better analysis of clients’ financial circumstances.

Bellpenny and Ascot Lloyd are merging to create a wealth manager with over 100 advisers and £6 billion FUM.

Ascot Lloyd, the Financial Planning and wealth management firm, has recruited a former head of Paraplanning to a senior new role as head of advice where she will lead a strategic review of the company’s advice process.

An advisory firm says that a new definition of financial advice will fail to help people who cannot afford the level of service they require.