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Bellpenny makes biggest IFA acquisition to date with The County Partnership

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Bellpenny, the national wealth manager and IFA acquirer, has completed the purchase of Cheltenham-based financial planning firm The County Partnership.

 
At almost GBP200m funds under management, this is the biggest single transaction completed by Bellpenny to date.
 
Two of The County Partnership’s three owner-directors – Henry Hodgkins and Andy Thatcher – are joining Bellpenny’s financial planning team, while Mark Helmke will retire. The County Partnership’s current offices in Cheltenham will be retained by Bellpenny. From there, the team will look after existing clients as well as building Bellpenny’s presence in the surrounding region.
 
Bellpenny’s chief executive Kevin Ronaldson (pictured) says: “This is Bellpenny’s biggest acquisition to date in terms of funds under management. It maintains our strong momentum and, at the current rate of growth, there’s every chance we’ll achieve our end-year target of GBP1bn under management ahead of schedule.”
 
Hodgkins says: “When we set about identifying our preferred buyer for The County Partnership, Bellpenny ticked all the key boxes including business model, client focus and financial backing. More than anything, however, this deal came to fruition because of the clear cultural fit between the two companies. I’m confident this will also contribute to a very smooth client transition process.”

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