Bellpenny's 30th acquisition boosts assets by £157m

Jenna Towler
clock

Acquisition outfit Bellpenny has completed its 30th deal to date with the purchase of Croydon-based Trustee Asset Management (TAM).

The national wealth manager said the deal brought in £157m in funds under management bringing its total to £3.5bn. Two of TAM's directors, financial planners Bob Bradley and Nick Bird, will join the business and continue managing their clients. TAM's two other directors will not join Bellpenny. Bellpenny acquisitions director Dominic Rose (pictured) said: "Every IFA business is different and every IFA owner has unique personal circumstances and objectives. "Here we were able to design a deal structure that met the aspirations of all four TAM shareholders while also ensuring the smo...

To continue reading this article...

Join Professional Adviser for free

  • 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

Join

 

Already a Professional Adviser member?

Login

More on Your profession

Political fragmentation and what it means for financial planning

Political fragmentation and what it means for financial planning

Reform's tally of 677 council seats represented 41% of all those being contested

Phillip Wickenden
clock 08 May 2025 • 5 min read
Should cash ISA limit become £4,000? Industry survey says no

Should cash ISA limit become £4,000? Industry survey says no

Just a quarter of respondents would support the change

Jen Frost
clock 07 May 2025 • 3 min read
LV= confirmed as Women in Financial Advice Awards 2025 headline sponsor

LV= confirmed as Women in Financial Advice Awards 2025 headline sponsor

Mutual backs WIFA 2025

Professional Adviser
clock 07 May 2025 • 1 min read