Some more venture-capital-buys-advice-firm action. The firm in question, Ascot Lloyd, has been a retirement home (ie they’ve bought their businesses) for many smaller advisers in recent years, and is now a national mini-giant. They are, of course, going to ‘keep people at the heart of our success, further invest in technology to support organic growth’ and other corporate blah blah. The coming trend is a sale to a proper giant, whose priorities may well be very different. My thoughts? Keep on growing, guys, you’re actually leaving behind lots of clients who prefer small, local and personal. And that’s our niche and that of many like us.
“Amazon invades financial services with home insurance launch”
Amazon, like Musk, and Branson before them both, can afford to try lots of stuff and fail at some.
