The latest acquisition brings £21m of funds under management to Bellpenny, with most PCFS clients living in the Essex area.
Kevin Ronaldson, chief executive of Bellpenny, said: “We look forward to helping clients of PCFS build and maintain highly effective long-term financial plans.”
Former majority shareholder of PCFS John Keesing added: “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 has been acquiring IFA businesses around the UK since 2012, and in October last year announced it had reached £1bn funds under management.
Last month, Mr Ronaldson, whose company has been buying firms from as far afield as Scotland, the Midlands and the South-West, said that, since the RDR was implemented in January last year, he has spoken to approximately 150 firms.
In January the Reading-based consolidator Bellpenny purchased two additional firms. London-based Actuarial & Investment Services brought with it £75m funds under management, while Birmingham-based The Hammond Consultancy had a total of £112m FUM.
In February, Bellpenny entered a partnership with Charles Stanley Pan Asset to provide a risk-profiled range of multi-asset funds for Bellpenny advisers.