Archive for the ‘Media Coverage’ Category

New Bellpenny offices in Glasgow city centre (BQ)

Posted on: February 2nd, 2015 by tony

‘Bellpenny expand offices in Glasgow city centre’

Wealth management firm Bellpenny, a national firm supported by Oaktree, the global investment management firm, has agreed a five-year lease for offices in 180 West George Street, Glasgow.

Bellpenny reached £1bn in funds under management in October 2013, just a year after opening for business by September 2014 this figure was £2.5bn.

The 6,771 sq ft ground floor suite becomes Bellpenny’s base in Scotland and is the company’s sixth hub across the United Kingdom.It is a 5-year lease at £17 per sq ft acquired by Lambert Smith Hampton.

Bellpenny has recently acquired a number of businesses in the financial services sector in Glasgow and is expected initially to move more than 20 staff into the office space and expand significantly thereafter.

Dawn Pearce-Herzberg, Operations Director of Bellpenny commented: “Our thanks to Lambert Smith Hampton for doing a thoroughly professional job in securing these premises for Bellpenny. The space is absolutely ideal for us as it also has suitable areas to accommodate visiting clients. And, crucially given our ambitious expansion plans in Scotland, it gives us plenty of flexibility and room for future growth.”

Aasia Mohammad, Lambert Smith Hampton’s associate director for Business Space, said: “We are delighted to have clinched this deal for Bellpenny. The Central Business District location, suitable suite size and high quality specification on offer of the ground floor made it an attractive option for them.”

The landlord was represented by Cushman & Wakefield and Ryden.

Full article here


‘Bellpenny acquires Essex-based IFA’ (Money Marketing)

Posted on: December 1st, 2014 by tony

…Bellpenny has acquired Essex-based IFA business Unizone.

The buy is Bellpenny’s 22nd acquisition and sees it take on a firm with around 2,000 active clients and £330m assets under management split between pensions and investment business.

To read the full Money Marketing article click here

Full effects of RDR changes ‘may only now be surfacing’

Posted on: October 29th, 2014 by tony

‘The hunted: Fresh trends in adviser acquisitions’ The adviser acquisition market is booming, according to recent research. Laura Miller takes a closer look at the rush to exit, and those who are happy hunting.

Almost half of independent advisory firm owners plan to sell up within five years – and 10% in the next year alone – according to the latest poll of 230 IFAs by Harrison Spence.

This is a sharp rise on even as little as six months ago. Then, in a poll conducted by the same consultancy, just over a quarter were planning to sell within the next five years and 5% within 12 months.

To read the full article on click here 

IFA succession planning (Money Management)

Posted on: September 11th, 2014 by tony

Many independent financial advisers spend the majority of their professional lives working painstakingly to build up a business they can proudly call their own. It becomes an integral part of them and a portion of their identity as business owners. But what happens when it is time to retire…?

This Money Management article includes comment from Bellpenny Acquisitions Manager, Lisanne Mealing. You can read the full article here



Acquisitive Bellpenny snaps up another Scottish IFA (Scotsman)

Posted on: September 2nd, 2014 by tony

Acquisitive wealth manager Bellpenny has bought Glasgow-based financial adviser Reid, Scott & Ross, adding £108 million of funds to its books.

It marks the group’s third acquisition in Glasgow. Chief executive Kevin Ronaldson said he planned to bring the groups together in a single office.

Full article here



Bellpenny buys £100m Scottish firm (Citywire)

Posted on: September 1st, 2014 by tony

Bellpenny has acquired a Glasgow-based firm with £108 million of funds under management.

The group has bought advisory business Reid, Scott & Ross, which has more than 1,000 active clients.

Read the full article here


Money Marketing Profile: Bellpenny CEO Kevin Ronaldson

Posted on: August 21st, 2014 by tony

Money Marketing Profile: ‘Bellpenny chief Kevin Ronaldson on recent deals and corporate politics’ – full interview here


‘Bellpenny to buy Skipton’s £900m wealth arm Torquil Clark’

Posted on: August 5th, 2014 by tony

Skipton Building Society is to sell its advice arm Torquil Clark to national wealth manager Bellpenny for an undisclosed sum.

Skipton said today that Bellpenny has purchased the company with the full support of Torquil Clark’s management team.

The UK’s fourth largest building society launched Torquil Clark six years ago, with the midlands-based business growing its AUM to £900m.

Bellpenny – which has already completed 20 smaller takeovers – said the latest acquisition would swell its funds under management to £2.5bn.

The deal incorporates Torquil Clark’s wealth management and employee benefits businesses, as well as its execution-only business TQ Invest, which accounts for more than £500m of the group’s funds under management.

Read full article here:


Bellpenny boosts assets by £75m with 18th acquisition

Posted on: May 12th, 2014 by tony

You can read the full story in New Model Adviser here:

What happens when you get bought out by an acquirer?

Posted on: April 10th, 2014 by tony

‘The selling game: What happens when you get bought out by an acquirer?’ Bellpenny’s Acquisitions and Sales Director, Dominic Rose, gives the acquirer perspective on IFA acquisitions in an IFAOnline article. You can read the full article here

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