Bellpenny acquires Foot Davson's IFA arm

The acquisition brings with it 850 active clients and funds under management of £60m. As well as facilitating the transition of Foot Davson's existing wealth management clients across to Bellpenny, the deal will also ensure that future clients of the accountancy practice will continue to have access to a full financial planning service. Bellpenny CEO Kevin Ronaldson said: "Foot Davson's decision to partner with Bellpenny is another big vote of confidence in our team and our model. "Now that the dust has settled on the introduction of the RDR and the realities of a more onerous regu...