Bellpenny strengthens team to service growing IFA numbers

New IFA consolidator Bellpenny is on the recruitment trail to build on its team of five paraplanners servicing its burgeoning adviser team.

Bellpenny has a new recruit starting in December. It aims to hire at least three more as it hopes to house around 15 advisers by the beginning of 2013.

It said it was aiming to maintain a ratio of one paraplanner to every two advisers.

The paraplanner team is headed by Steven Lloyd, and consists of Louise Nessling, Duncan Todd, Kapil Divecha and Tim Williams.

Operations director Dawn Pearce-Herzberg (pictured) said: ‘Paraplanning very much has a place in the market in our view. They [Bellpenny’s paraplanners] are as qualified as advisers, have the ability to do the market research, and they work with the planner to make sure they come up with the best advice process.’

Bellpenny launched in October and has already acquired £400 million of assets under advice.