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Bellpenny buys £200m financial planning firm

Bellpenny buys £200m financial planning firm

Wealth manager Bellpenny has acquired Cheltenham-based financial planning firm The Country Partnership, in its biggest single transaction to date.

The acquisition of the Country Partnership, which has almost £200 million in funds under management, is part of Bellpenny’s goal of hitting £1 billion in assets under management by the year-end.

Two of The County Partnership’s three directors, Henry Hodgkins and Andy Thatcher, are joining Bellpenny’s financial planning team, while Mark Helmke will retire.

The firm’s current offices in Cheltenham will be kept by Bellpenny and used as a base to look after existing clients as well as build out the firm’s presence in the region.

Hodgkins said: ‘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.’

Bellpenny’s acquisitions and sales director Dominic Rose said: ‘The deal with The County Partnership, an IFP accredited financial planning firm, is yet another example of our open-minded and pragmatic approach to transactions. In this instance it has allowed one of their owner-directors to retire, while enabling the two others to join the Bellpenny team.

‘Both Andy and Henry are experienced, well-respected financial planners. As well as a high quality client base they also bring with them a wealth of knowledge and expertise and we’re excited about welcoming them on board.’

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Profile: The opportunity set that attracted Brett Williams to wealth management

Profile: The opportunity set that attracted Brett Williams to wealth management

Brett Williams is best known for helping to build some of the biggest platforms in the IFA market.He made the move over to wealth management to head SEI’s UK business earlier this year in the belief that this is where the best opportunities now lie.

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