Bellpenny completes £84m IFA purchases

The latest acquisitions take Bellpenny past £3 billion funds under management and its total number of deals to date to 26.
 
The £46m FUM acquisition of Caledonia Edinburgh Limited is Bellpenny’s fourth in Scotland and sees existing adviser, Lynn Healy transfer to Bellpenny as part of the deal.
 
The second purchase is that of Rawson Steele IFA, a long-established Midlands firm based in Southam, Warwickshire, and involves £38m FUM.

Bellpenny’s CEO Kevin Ronaldson commented:

“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.”
 
Lynn Healy & George Shepherd, Directors of Caledonia Edinburgh Limited, said:

"Bellpenny are making a real impact on the Scottish advisory scene and, having had the opportunity to see them at close quarters, it’s not hard to see why. It has been so refreshing to deal with a company whose expansions plans are more than matched by a genuine attention to the minutiae of client service and relationships.”
 
Paul Rawson and Brian Steele, partners of Rawson Steele IFAs, added:

“During our 23 years in business, we have always tried to put our clients at the very centre of everything we do. Our dealings with Bellpenny leave us confident that they will continue to maintain the same high level of service which we have always aimed to provide.”