National wealth manager and adviser consolidator Bellpenny is to re-organise its management structure later this year, with current chief executive Kevin Ronaldson stepping down to become founder director.
Ronaldson (pictured) is set to be succeeded by Nigel Stockton who is currently a director at the firm. The changes at the helm of private equity-owned Bellpenny will become effective in September. Stockton, who joins from Countrywide where he was financial services director, said he wants to use his experience in providing "professional, cost-effective advice" to drive the company forward. Bellpenny launched in October 2012 and, under Ronaldson's leadership, has grown to £3bn funds under management and 70 financial planners. Related reading: Bellpenny completes two more IFA buyo...
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