Bellpenny, the national wealth manager and IFA acquirer, has signed a strategic alliance with discretionary management specialist Brooks Macdonald Asset Management (BMAM).
This alliance enables Bellpenny to offer its clients access to Brooks Macdonald’s discretionary investment services, which have both received a 5 Star Rating from Defaqto, an independent financial research company.
The services are designed to meet the needs of Bellpenny’s private clients and will be managed on a discretionary basis.
The services can be provided for Bellpenny within a wide range of product structures. These include:
• ISAs
• Offshore and onshore bonds
• SIPPs (Self Invested Personal Pensions)
• SSASs (Small Self Administered Pension Schemes)
• Individual trusts
Kevin Ronaldson, chief executive, Bellpenny, says: “This strategic alliance further strengthens Bellpenny’s client proposition. It will enable clients to take advantage of Brooks Macdonald’s research-driven approach to delivering strong and consistent risk-adjusted returns.
“Brooks Macdonald’s focus on quality, clarity and long-term relationships very much echoes Bellpenny’s own brand values. This partnership is another important milestone in Bellpenny’s journey to become the UK’s most respected financial advice brand.”
Andrew Shepherd, joint managing director, BMAM, says: “Bellpenny is a very exciting business and one that is destined to grow rapidly. We were delighted that they have chosen to work with Brooks Macdonald and that we are in at the beginning of their journey to become a major force in the advisory space in this new post-RDR world. We believe we are able to deliver to their clients the service and investment management expertise that we have been able to demonstrate to others over a sustained period. Bellpenny is definitely one to watch.”
