IFA acquirer and wealth manager Bellpenny has completed its acquisition of Glasgow based IFA firm KM Financial Advisers.
Bellpenny's tenth acquisition has brought the firm £48m in funds under management and 250 active clients, with assets evenly split between pensions and investment business, This latest deal means that Bellpenny has now established a presence in Scotland, England and Wales since its launch last year. Bellpenny chief executive Kevin Ronaldson said: "This is our tenth acquisition and we're seeing no evidence of a decline in interest and enquiries from prospective IFA sellers. The purchase of KMF means that Bellpenny now has a presence in Scotland, England and Wales. The deal establishes ...
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