Consolidator Bellpenny has completed two more IFA acquisitions bringing an additional £56m in funds under management and more than 250 clients.
The national wealth manager has bought Surrey-based IFA TJ Financial Services Ltd (TJFS) which has £34m funds under management. TJFS is the financial planning arm of the chartered accountancy firm Tudor John. Bellpenny said it would continue to work closely with Tudor John assisting existing and future clients. The firm has also bought out Tor Financial Advisers. Tor is based in Kingsteignton, Devon, and has about £22m in funds under management. Bellpenny chief executive Kevin Ronaldson said the firm had completed 28 acquisitions in under three years. Further reading: The hunt...
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