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Bellpenny acquires Surrey-based IFA

Consolidator and national advice firm Bellpenny has acquired Surrey-based IFA Legal & Professional Services for an undisclosed sum.

The acquisition, Bellpenny’s 23rd, will bring 500 active clients and £40m of funds under management.

Legal & Professional Services owner David Sowerbutts says: “The UK financial services industry is almost unrecognisable from when I went into it 30 years ago. Thankfully, one thing that hasn’t changed is that a successful financial planning business is still fundamentally about building long-term client relationships and trust.

“Of all the prospective buyers I spoke to Bellpenny stood out from the crowd in this respect, and I am relieved to know that my clients will be in good hands.”

Bellpenny chief executive Kevin Ronaldson says: “When Bellpenny buys any IFA business we are all too well aware that we must justify the huge amount of faith and trust that is being invested in us by the seller.

“I can assure David that, in taking up his mantle, we will spare no effort in nurturing the excellent client relationships that are so much in evidence in his company.”


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