Bellpenny has completed two more IFA acquisitions boosting its funds under management by £150m.
The national wealth manager has bought Cambridge-based Ashton KCJ Financial Planning and Horsham-based Principals in Practice. The two latest deals bring its total number of adviser acquisitions to 32. Ashton KCJ Financial Planning has about £60m in funds under management. The business was jointly owned by Ashton KCJ Solicitors and Price Bailey. Principals in Practice brings about £90m in funds under management. Bellpenny's total funds under management hit £3.5bn in July. Bellpenny acquisitions director Dominic Rose said: "From outset, we anticipated that our model would have p...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
