The wealth manager, which is owned by Oaktree Capital Management, announced that Stockton will step up to the CEO position in September having been a director of the business since it was formed in October 2012.
The company has grown quickly, fuelled in large part by acquisitions and now has over £3 billion in funds under management and 70 financial planners.
Stockton is currently financial services director at estate agency Countrywide. He has had roles at Lloyds Banking Group, Birmingham Midshires and held various commercial directorships with the Financial Times.
“Oaktree would like to thank Kevin for his efforts in turning the Bellpenny concept into a reality over the past three years,” said Bellpenny’s chairman, Grenville Turner. “Kevin staying on as founder director, shareholder and investor is the best-possible outcome for us in terms of continuity. In Nigel we’re especially fortunate to have a tailor-made replacement for Kevin. He and I have worked closely together for much of the past 20 years and I can’t think of anyone better equipped to drive Bellpenny to even greater heights.”
“I am really excited at the prospect of taking the reins at Bellpenny,” said Stockton. “I have been a passionate proponent of professional, cost-effective advice in the mortgage and insurance arena for many years. I look forward to applying this experience to the investment world where both the consumer need and commercial opportunity are, if anything, even greater.”
