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.

Bellpenny buys £100m Scottish firm

Bellpenny buys £100m Scottish firm

Bellpenny has acquired a Glasgow-based firm with £108 million of funds under management.

The group has bought advisory business Reid, Scott & Ross, which has more than 1,000 active clients.

The deal is Bellpenny third in Glasgow, following the acquisitions of K M Financial Advisers and MGW in the second half of 2013.

‘We’re building a formidable presence in the City and surrounding area,’ commented Bellpenny chief executive Kevin Ronaldson (pictured).

‘Our priority now will be to ensure an outstanding experience for Reid, Scott & Ross clients moving across to Bellpenny.’

Tony Ross and Paul Angell, co-owners of Reid, Scott & Ross, added: ‘It’s easy to see why Bellpenny is proving to be the acquirer of choice for so many IFA businesses, both north and south of the border.

‘They’ve taken full advantage of the opportunity to build a post-RDR business from first principles, with the client right at its heart. And from an IFA owner’s perspective, the whole process of selling the business, from initial contact through to signing on the dotted line, is a well-oiled machine.’

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 Taxicab Tenner: AXA IM's Nicolas Trindade

Taxicab Tenner: AXA IM's Nicolas Trindade

After a summer break, it is the turn of AXA Investment Manager's Nicolas Trindade to give a £10 view of how fixed income is faring.

Play Wealth Manager Olympics: the Relay

Wealth Manager Olympics: the Relay

In the final round of the Wealth Manager Olympics, our intrepid athletes team up for the relay.

Play Wealth Manager Olympics: the Shot Put

Wealth Manager Olympics: the Shot Put

After busting a gut in the 100m sprint, our wealth manager Olympians displayed their brute strength in the shot-put.

Read More
Your Business: Cover Star Club

Profile: gearing up for the shift from consolidation to start-ups

Profile: gearing up for the shift from consolidation to start-ups

‘I think the industry is evolving rapidly, but not necessarily as a whole,’ says the head of recently launched Charles Nicholson AM

Wealth Manager on Twitter