View more on these topics

Bellpenny buys Essex-based advice firm

IFA consolidator Bellpenny has bought Personal & Corporate Financial Solutions for an undisclosed sum.

The purchase of the Essex-based firm brings the number of completed Bellpenny deals to 16.

The acquisition brings £21m of assets under advice and around 300 clients, with most living in the Essex area.

In October Bellpenny, backed by investment manager Oaktree, reached £1bn in funds under management, a year on from launch.

Bellpenny chief executive officer Kevin Ronaldson says: “We welcome clients of PCFS into the Bellpenny fold and we look forward to helping them build and maintain highly-effective long-term financial plans.”

PCFS owner John Keesing says: “My thanks to Kevin and his team for helping to make the sale of the business such a professional, pain-free process. I have complete confidence Bellpenny will ensure clients continue to receive the very highest level of care and attention.”

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment