Bellpenny, a national wealth manager and IFA acquirer, has completed the acquisition of an IFA-based Meridan Park Associates (MPA), in Newbury, Berkshire for £1 billion.
MPA adds £75 million worth of funds under management, with assets evenly split between pensions and investment business, to Bellpenny.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
The deal is the 11th acquisition by the private equity-backed Bellpenny.
Kevin Ronaldson, CEO of Bellpenny, said: "MPA is another excellent fit in terms of our target IFA profile: an established, well-respected firm with a good-quality client base. This acquisition reinforces our already strong presence along the M4 corridor and in the Thames Valley.
"Reaching £1 billion under management is a pleasing landmark on the Bellpenny journey. However quality, not quantity, will be the true measure of our success as we continue to pursue our vision to be the UK’s most respected financial advice brand," Ronaldson added.
Bruce Foskett, former majority owner and director at MPA, said: "Bellpenny helped make the whole transaction process "far smoother and more painless than I could possibly have imagined."
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
