Bellpenny clinches deal on MDM Associates

The IFA consolidator has racked up its biggest deal to date.

Bellpenny clinches deal on MDM Associates

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The purchase has brought an additional £322m funds under management to the IFA consolidator, which has in total made 17 deals to date.  
 
The majority of the acquired clients live in London, and there is an even split between pensions and investment business. 
 
Earlier this week, Bellpenny announced it had bought up Essex-based Personal & Corporate Financial Solutions, adding £21m FUM. 
 

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