Southport-based advice firm Ludlow Wealth Management has reached £1 billion of assets under advice, up from £580 million in 2014.

The firm underwent a management buyout in 2017, with Mobeus Equity Partners providing £8 million of investment and its founder Sid Ludlow (pictured left) taking a step back from business.

For its 2017 financial year, Ludlow saw its assets rise by £250 million and its profit reach £2 million.

Ian Hemingway (pictured right), chief executive of Ludlow Wealth Management, said the key to the firm’s growth has been its recruitment of advisers. The firm now has 21 client-facing advisers.

He said: ‘Clients join us and stay with us, because the Ludlow way is to focus on understanding and establishing their future goals and creating a plan to achieve financial peace of mind.’