Bellpenny completes GBP75m FUM purchase of Hansen Lloyd
Bellpenny has completed the acquisition of Hansen Lloyd Asset Management (HLAM).
The deal involves GBP75m of funds under management and brings Bellpenny’s total number of IFA transactions to date to 18.
HLAM is based in Colchester with the majority of clients based in and around the Essex area.
Bellpenny’s CEO Kevin Ronaldson (pictured) says: “Bellpenny’s business model hinges on providing continuity of service and care. For Hansen Lloyd clients this will translate into to a highly personal, professional service delivered by locally-based planners. We’re naturally pleased with our continued strong growth, but it’s the quality of our client proposition and service that will define us in our journey to become UK’s most respected financial advice brand.”
Colin Linscott, former owner of HLAM, says: “Having made the decision to retire, my two main priorities were straightforward: to achieve a fair price for the business and to ensure that I’d be leaving my clients, many of whom have become personal friends, in the most capable and professional of hands. This clarity of purpose made the choice of Bellpenny as preferred purchaser very straightforward.”
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