Bellpenny Hits A Record £1 Billion In Assets With Latest Acquisition

Sandra Kilhof

11 October 2013

, an Essex-headquartered wealth manager and IFA acquirer, has acquired Meridan Park Associates, an IFA based in Newbury, Berkshire for an undisclosed sum.

MPA brings £75 million (around $119 million) of funds under management, with assets evenly split between pensions and investment business, increasing Bellpenny’s funds to a record £1 billion.

“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,” said Bellpenny’s chief executive Kevin Ronaldson.

Meridan Park is Bellpenny’s eleventh acquisition to date since the adviseo acquisition firm was launched in October 2012.