The Penny Group acquires HNW-focused Bright Blue Wealth

BBW, run by Andy Wilmot, has provided advice to high net worth clients across London and the South East for more than 25 years, its acquirer said. Wilmot and the firm's team of advisers and support staff will continue to trade under the current brand and remain in its Chertsey offices to minimise disruption, added TPG. The Chartered firm, part of The Openwork Partnership (TOP), said the deal was part of its broader growth strategy which sees it collaborate with practice owners within TOP early in their succession planning journey to "ensure there is a structured integration over an ex...