The deals, which bring a combined £56m in funds under management and more than 250 clients under the ever-expanding Bellpenny umbrella, are the firm’s 27th and 28th acquisitions in less than three years.
Surrey-based TJ Financial Services and Devon IFA TOR Financial Advisers add FUM of £34m and £22m respectively, with Bellpenny’s total FUM having passed the £3bn mark in May.
Bellpenny confirmed that it will announce further acquisitions as the year progresses, with scope for other additions before the end of June pending regulatory approval.
“It’s exciting to maintain our acquisition momentum with four deals in as many weeks,” said Bellpenny CEO Kevin Ronaldson. “It speaks volumes for our tried-and-tested integration process that we’ve now completed 28 acquisitions in under three years.
“Far more important, however, is what we do post-acquisition. We continue to invest heavily in our people, in new technology and in the necessary local infrastructure to ensure we are able to deliver to the highest of client expectations.”
