Wealth Manager - the site for professional investment managers

Register to get unlimited access to all of 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 JPM’s Negyal: Back divis to temper EM volatility

JPM’s Negyal: Back divis to temper EM volatility

Omar Negyal, co-manager of the JPMorgan Global Emerging Markets Income trust, says a dividend approach to emerging markets reduces the volatility of investing in the asset class.

Play WMR: Why Russia will lose this war

WMR: Why Russia will lose this war

Author and journalist Adam Lebor believes a perfect storm is brewing when it comes to the Russian economy. .

Play WMR: Gerard Lyons warns Asia is the real risk, not Russia & Ukraine

WMR: Gerard Lyons warns Asia is the real risk, not Russia & Ukraine

Chief economic adviser to London mayor Boris Johnson outlines the geo-political risks in Asia and explains why the risk of another eurozone crisis must not be underestimated.

Your Business: Cover Star Club

Profile: The adviser that tempted Robin Minter-Kemp on board

Profile: The adviser that tempted Robin Minter-Kemp on board

It is rare to meet an impassioned individual who is willing to bang the drum for investment advisory right now

Wealth Manager on Twitter