Effective immediately, the deals – worth a combined £84m – see Caledonia Edinburgh and Rawson Steele become Bellpenny’s 25th and 26th purchases in less than three years.
The £46m agreement to bring in Caledonia Edinburgh – the fourth Scottish IFA acquired by Bellpenny – includes the transfer of Lynn Healy, while the £38m Rawson Steele acquisition adds a Midlands base to the firm’s roster.
Bellpenny CEO Kevin Ronaldson said: “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.”
The deals represent another chapter in Bellpenny’s rapid ascent from opening its doors in October 2012 to more than £3bn in FUM, with the firm outlining the likelihood of future acquisitions.
