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Ascot Lloyd Bellpenny in first post-merger deal

Ascot Lloyd Bellpenny in first post-merger deal

Ascot Lloyd Bellpenny has struck its first deal since the merger which created the £6bn advice giant.

Documents published on Companies House show Nigel Stockton, chief executive of Ascot Lloyd Bellpenny, and Matthew Moore, chief financial officer, have been appointed as a directors of Yorkshire-based Pantheon Financial.

Meanwhile CPL Bidco, a company which shares the same address as Ascot Lloyd Bellpenny, is now listed as having "significant control" over Pantheon Financial by Companies House.

It coincided with the termination of four people as directors of Pantheon Financial, including Damian Sharp who, according to his LinkedIn page, is the company's managing director.

Pantheon Financial is made up of three companies: Connect Wealth Management, which provides bespoke financial planning for those with "substantial portfolios", Pantheon Financial Management, which provides financial advice, and Pantheon Financial Investments, which specialises in execution-only transactions and risk-based portfolio planning.

Based in Leeds, the group serves more than 1,000 Pantheon Financial Management clients and around 10,000 Pantheon Financial Investments customers.

Pantheon Financial was previously owned by Friends Provident, which sold it back to its founder, James Kaberry, in 2010.

Mr Kaberry, who is chief executive of SME Capital, is among those to have left their position as directors of Pantheon Financial.

Last year Mr Stockton said the scale Ascot Lloyd Bellpenny has following the merger of Ascot Lloyd and Bellpenny would allow it to buy “just about anything”.

The combined organisation has more than 100 advisers, looking after more than 40,000 fee-paying clients. 

damian.fantato@ft.com

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