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 snaps up Glasgow-based advisory firm

Bellpenny snaps up Glasgow-based advisory firm

Bellpenny has acquired Glasgow-based wealth manager MGW.

The deal is set to bring £141 million in assets over to Bellpenny for an undisclosed sum, adding to the £1 billion it already oversees.

Bellpenny’s CEO, Kevin Ronaldson (pictured), commented: 'It’s a testimony to the energy and professionalism of the whole Bellpenny team that we’ve been able to sustain such strong deal-making momentum, while also maintaining our operational rigour and strong service ethic on behalf of a rapidly-growing client base.'

MGW, which provides financial advice for clients who are mainly based in the Central Scotland area, represents the second Glasgow-based advisory business purchased by Bellpenny, following its acquisition of K M Financial Advisers in August.

In May it acquired Cheltenham-based financial planning firm The Country Partnership.

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

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 Sam Vecht: the best opportunities in frontier markets

Sam Vecht: the best opportunities in frontier markets

Blackrock's Vecht evaluates frontier markets and explains where he sees the opportunities

Play Where A-rated Pattullo is finding the best bond opportunities

Where A-rated Pattullo is finding the best bond opportunities

Henderson Global Investors head of retail fixed income explains how he is managing his fund against the surprise current monetary policy divergence.

1 Comment Play Taxicab Tenner: Allianz Global Investors' AA-rated Simon Gergel

Taxicab Tenner: Allianz Global Investors' AA-rated Simon Gergel

Our much anticpated new series is here! We hand a black cab driver a tenner and grill the manager of the 125-year Merchants trust until the meter runs out.    

Your Business: Cover Star Club

Profile: meet the man building Towry into an £11bn giant

Profile: meet the man building Towry into an £11bn giant

As a former engineer who worked on Hong Kong International Airport, Rob Devey is not afraid of taking on major projects

Wealth Manager on Twitter