More than 20 staff have moved into Glasgow's central business district after the business took a five-year lease on a 6,771 sq ft office suite at 180 West George Street.
The company said staff numbers were "expected to increase significantly over time".
The firm said that the new ground floor suite would provide Bellpenny Financial Planners with the "ideal facility for regular face-to-face meetings with their clients".
Last week, the company moved more than 50 staff into an office in Birmingham's business district and revealed it was taking over Winchester based City Wealth Management Independent Financial Advisers.
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The acquisition was Bellpenny's 24th and involves 100 active clients and £31m of funds under management.
Bellpenny has acquired three Glasgow-based IFAs - K M Financial Advisers, MGW Ltd and Reid, Scott & Ross - since launch in October 2012.
Bellpenny's chief executive Kevin Ronaldson said: "Bellpenny already has a strong presence in Scotland – and Glasgow in particular – and we view it as one of the big strategic growth areas for our business for the future.
"It was important for us to find offices in the central business district big enough to bring the local team together as well as giving us flexibility and room for significant future expansion. The ground floor space works especially well for us as it also has suitable areas to accommodate clients and other visitors.
"This is another important step towards realising our vision of becoming Britain's most respected financial advice brand."