Bellpenny has bought Essex-based Personal & Corporate Financial Solutions, bringing the number of completed Bellpenny deals to date to 16.
The acquisition encompasses £21m of funds under management with most clients living in the Essex area.
This latest acquisition for the Reading-based national advisory firm and IFA consolidator Bellpenny comes just weeks after it bought two firms in January.
Actuarial & Investment Services Limited, a north west London-based IFA with assets evenly split between pensions and investment business, was bought two months ago and had a total of £75m funds under management.
The Hammond Consultancy (THC), an IFA based in Birmingham with £112m in funds under management, was also bought at the start of this year.
Kevin Ronaldson, chief executive of Bellpenny, said: “We welcome clients of PCFS into the Bellpenny fold and we look forward to helping them build and maintain highly-effective long-term financial plans.”
John Keesing, former majority shareholder of PCFS, said: “My thanks to Kevin and his team for helping to make the sale of the business such a professional, pain-free process.
“I have complete confidence that Bellpenny will ensure clients continue to receive the very highest level of care and attention.”
Bellpenny was established in October 2012 with backing from private equity and global investment manager Oaktree.
The firm was placed 51st in Financial Adviser’s top 100 firms of 2013, registering gross sales of £140m, according to data from Matrix Solutions.
