The deal involves£75m of funds under management and includes 1,000 active clients. Former owner of Hansen Lloyd, Colin Linscott, is retiring, prompting him to see the business.
“Bellpenny’s business model hinges on providing continuity of service and care. For Hansen Lloyd clients this will translate into to a highly personal, professional service delivered by locally-based planners,” the IFA acquirer’s CEO, Kevin Ronaldson, said.
This latest acquisition brings the total number of IDA transactions to date to 18.
In March, Bellpenny saw a number of deal clinching its Assets under management pf IFA consolidator Bellpenny have hit just over £1.8bn after acquiring Hansen Lloyd Asset Mangement. The deal involves£75m of funds under management and includes 1,000 active clients. Former owner of Hansen Lloyd, Colin Linscott, is retiring, prompting him to see the business. Bellpennys business model hinges on providing continuity of service and care. For Hansen Lloyd clients this will translate into to a highly personal, professional service delivered by locally-based planners, the IFA acquirers CEO, Kevin Ronaldson, said. This latest acquisition brings the total number of IDA transactions to date to 18. In March, Bellpenny saw a number of deal clinching its biggest deal to date by acquiring IFA firm MDM Associates. biggest deal to date by acquiring IFA firm MDM Associates.
