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Bellpenny acquires two more advice firms

Adviser consolidation firm Bellpenny has completed two further IFA acquisitions for an undisclosed sum.

The deals, for Caledonia Edinburgh Limited and Midlands-based firm Rawson Steele IFA, add £84m in funds under management to Bellpenny. The business as a whole is now responsible for over £3bn in investor funds.

Caledonia Edinburgh adviser Lynn Healy will transfer to Bellpenny as part of the arrangement.

Bellpenny chief executive Kevin Ronaldson says: “We never underestimate what a big step it is to sell a business which has been years, often decades, in the building.

“That’s why it’s so rewarding for the Bellpenny team that IFA owners the length and breadth of the UK continue to entrust us with both their legacy and their clients’ futures.”

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