Twitter icon Email alerts icon Latest News RSS icon Magazine icon Stay connected:

View the article online at http://citywire.co.uk/wealth-manager/article/a649834

Wealth firm snaps up four advisory businesses

by Jun Merrett on Jan 10, 2013 at 08:52

Wealth firm snaps up four advisory businesses

National wealth manager and IFA consolidator Bellpenny has boosted assets under advice by £300 million after acquiring four IFA firms.

Bellpenny acquired Tunbridge Wells-based Brunning Newman Houghton, Sussex-based Private Portfolio, Essex-based Solutions Financial Services and Nottingham-based Vermillion Wealth.

The four firms are the consolidator's first signed deals following its launch in October 2012 and means it now has more than 2,500 active clients.

Kevin Ronaldson (pictured), Bellpenny's chief executive said: 'These deals mean we have gone from zero to £300 million funds under advice in just three months. With a number of other major acquisitions still in the pipeline, we have a thoroughly exciting 2013 to look forward to.

'It’s no small step for those selling IFA businesses which have been built up over many years, with strong client bonds having been forged. That’s why all the IFAs we’ve dealt with have taken such comfort from Bellpenny’s relentless client-focused ethos, and from the high standards of professionalism they see in every area of our business.'

leave a comment

Please sign in here or register here to comment. It is free to register and only takes a minute or two.

News sponsored by:

Long time coming: is the recovery here to stay?


Ian McVeigh and Steve Davies, managers of Jupiter's UK Growth fund, talk about their predictions for the UK equity space. Click here to watch a series of sponsored interviews with Jupiter's fund managers on the UK equity market.

Today's top headlines

On the road

Click here to find out more from the Audience Development team.

Read more...

How this top US fund is playing the shale boom in 7 stocks

on Apr 17, 2014 at 12:26

Sorry, this link is not
quite ready yet