Companies  

Ludlow eyes acquisitions and £1bn target

The managing director said the firm, which celebrates its 21st anniversary later this year, is also aiming to double its funds under management 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.

Mr Hemingway said: “The wealth management profession has changed significantly over the past three years and this has presented us with opportunities that we have seized.

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

He aims to take the firm from £550m assets under management to £1bn, to be able to negotiate the best terms for its clients.

In May 2013 Ludlow added a new office in Liverpool. It already has offices in Preston, Lytham, Blackburn and the firm’s head office in Southport.

Also in 2013, the firm entered into a joint venture with a care provider, Caring Hands, to provide a pioneering independent financial advice service for those seeking domiciliary care.

Background

In February, Ludlow’s associate director Sarah Lees and consultant Simon Howard both gained chartered status with the Chartered Insurance Institute.

Sid Ludlow, chief executive of Ludlow, said: “Chartered status is an exclusive title which reinforces the highest standards of practice and I’m extremely proud of both consultants for attaining this ‘gold standard’ of professionalism.”