British wealth manager Bellpenny has acquired Croydon-based IFA firm Trustee Asset Management (TAM) for an undisclosed sum.
This is Bellpenny’s 30th acquisition since its launch and will add £157m in funds under management and 600 clients to the firm.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
As part of the deal, Bob Bradley and Nick Bird, two shareholders at TAM will join Bellpenny as financial planners, thus allowing them to maintain existing client relationships.
The acquisition will bring Bellpenny’s total assets under advice to £3.5bn.
Bellpenny acquisitions director Dominic Rose said: "Having completed two high-quality IFA deals totalling more than GBP350 million of funds under management this month alone, Bellpenny maintains its excellent growth trajectory."
Bradley and Bird said: "Our clients will benefit from continuity of service and we also feel that they will benefit from Bellpenny’s investment proposition.
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
