Private equity backed Financial Planning firm Ascot Lloyd posted a pre-tax loss of £14m for the year ended 31 December, following the impact of an FCA investigation into the firm, according to accounts filed with Companies House this week.

Whitechurch Securities' online investment platform Pulse is to close following the takeover of Whitechurch by wealth manager Ascot Lloyd.

Aberdeen has agreed to sell Aberdeen Financial Planning to Ascot Lloyd for an undisclosed sum.

Financial Planning firm Ascot Lloyd has acquired Scottish adviser Create and Prosper Financial Services for an undisclosed amount.