The Wealth Management Association (WMA) has announced a strategic review to improve its services to members.

Premier Asset Management is now majority-owned by Elcot Capital Management after the company increased its stake to more than half of the business.

Product launch

Brooks Macdonald International has appointed Darren Zaman as chief executive of its offshore business.

Hospitality

Brazilian equity markets have rallied sharply after a strong performance by pro-business candidate Aecio Neves in the first round of the presidential election.

PSigma Asset Management has suffered further outflows following news of Bill Mott's retirement, after an institutional client withdrew from an income mandate.

Small-cap rethink

Just 12% of the general public trust the fund managers, according to a new report by PwC which ranks the industry below retail and investment banks in terms of trustworthiness.

Fund launch