Bellpenny, a UK-based wealth manager, has completed the acquisition of Essex-based Personal & Corporate Financial Solutions (PCFS) for an undisclosed sum.
The deal, which marks as Bellpenny’s 16th acquisition, will boost its assets under advice to £1.35 billion.
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In addition, the acquisition of PCFS will boost Bellpenny’s total assets under advice by £21 million.
Kevin Ronaldson chief executive Bellpenny said: "We welcome clients of PCFS into the Bellpenny fold and we look forward to helping them build and maintain highly-effective long-term financial plans."
John Keesing, former majority shareholder of PCFS, said: "My thanks to Kevin and his team for helping to make the sale of the business such a professional, pain-free process.
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