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Bellpenny acquires four IFA businesses

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Bellpenny has completed the purchase of four IFA businesses, with combined funds under management in excess of GBP300m and more than 2,500 active clients. 



The acquired IFA businesses are:

• Brunning Newman Houghton
• Private Portfolio
• Solutions Financial Services
• Vermillion Wealth
 
Bellpenny’s chief executive Kevin Ronaldson (pictured) says: “These deals mean we have gone from zero to GBP300m funds under advice in just three months. With a number of other major acquisitions still in the pipeline, we have a thoroughly exciting 2013 to look forward to.
 
“It’s no small step for those selling IFA businesses which have been built up over many years, with strong client bonds having been forged. That’s why all the IFAs we’ve dealt with have taken such comfort from Bellpenny’s relentless client-focused ethos, and from the high standards of professionalism they see in every area of our business.”
 
The Wealth Adviser Awards 2013 for the top wealth manager and service providers will be held in London towards the end of Q1 2013. Please click here to nominate your product/firm.

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