Kevin Ronaldson, chief executive of the Reading-based national, said the purchases bring a total of more than £300m in funds under advice and more than 2500 active clients.
He said: “These deals mean we have gone from zero to £300m funds under advice in just three months. We also have a number of other major acquisitions still in the pipeline.”
The acquired IFA businesses are:
• Brunning Newman Houghton
• Private Portfolio
• Solutions Financial Services
• Vermillion Wealth
Mr Ronaldson added: “It’s no small step for those selling IFA businesses which have been built up over many years, with strong client bonds having been forged. That’s why all the IFAs we’ve dealt with have taken such comfort from Bellpenny’s relentless client-focused ethos, and from the high standards of professionalism they see in every area of our business.”
Bellpenny launched in October 2012
The firm is backed by investment house Oaktree and by Oaktree’s portfolio company, Countrywide.
The company is based in 10,000 sq ft offices in Reading, Surrey.