Wealth Manager - the site for professional investment managers

Register to get unlimited access to Citywire’s fund manager database. Registration is free and only takes a minute.

Asset consolidator scoops £900m wealth adviser

Asset consolidator scoops £900m wealth adviser

Asset consolidator and investment advisory business Bellpenny has bought Torquil Clark, the financial advice business of Skipton Building Society.

The acquisition, for an undisclosed sum, delivers £900 million in client assets taking Bellpenny’s total funds under management to £2.5 billion, subject to regulatory approval.  

Torquil Clark employs 16 financial planners across two offices in the midlands and the north west of England. The deal includes the company’s execution-only business TQ Invest

‘It is a reflection of how far Bellpenny has come that we’re already in a position to be making acquisitions on this scale,’ said Bellpenny chief executive Kevin Ronaldson.

‘This acquisition will be especially important for us because it incorporates a substantial, execution-only business in the form of TQ Invest.

‘Having a direct operation alongside comprehensive wealth management and employee benefits offerings will vastly extend Bellpenny’s market reach and appeal, by enabling us to deal with clients in whatever way best suits their personal needs.’   

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play On the Road Challenge: Clay pigeon shooting with Thesis' Lansdowne

On the Road Challenge: Clay pigeon shooting with Thesis' Lansdowne

Eleanor Mahmoud goes clay shooting at the National Clay Shooting Centre with Sam Lansdowne from Thesis Asset Management

Play AA-rated Flood on gov't bonds: 'the maths doesn't add up'

AA-rated Flood on gov't bonds: 'the maths doesn't add up'

He also addresses why his Newton Multi-Asset Income fund has such a high cash weighting and why he sees renewables as such a good opportunity.

Play AAA-rated Ali: Identifying the peripheral European plays

AAA-rated Ali: Identifying the peripheral European plays

Citywire AAA-rated Tawhid Ali thinks that plenty of good stocks in the European periphery are being thrown out with the proverbial bath water.

Read More
Your Business: Cover Star Club

Profile: Brewin's Cardiff boss on the Welsh opportunity

Profile: Brewin's Cardiff boss on the Welsh opportunity

Prior to becoming head of Brewin Dolphin Cardiff, Welshman David Myrddin-Evans had only previously visited the city to watch the rugby.

Wealth Manager on Twitter