Bellpenny's 30th acquisition boosts assets by £157m

Acquisition outfit Bellpenny has completed its 30th deal to date with the purchase of Croydon-based Trustee Asset Management (TAM).

The national wealth manager said the deal brought in £157m in funds under management bringing its total to £3.5bn. Two of TAM's directors, financial planners Bob Bradley and Nick Bird, will join the business and continue managing their clients. TAM's two other directors will not join Bellpenny. Bellpenny acquisitions director Dominic Rose (pictured) said: "Every IFA business is different and every IFA owner has unique personal circumstances and objectives. "Here we were able to design a deal structure that met the aspirations of all four TAM shareholders while also ensuring the smo...