Vanguard has unveiled its ‘robo' advice offering in the US, which provides portfolio management for investors with minimum assets of $50,000 and charges as little as 30bps per annum.
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Baillie Gifford's Ian Tabberer, manager of the £475m American fund, has left the firm.
Wealth consolidator AFH has made its tenth deal in less than a year with the acquisition of a national advisory firm.
European equity funds saw record net retail sales in March according to The Investment Association (IA)'s latest sales figures, but UK All Companies suffered record outflows as investors continued to turn their backs on UK equities.
Wealth manager London & Capital has hired Towry's general counsel Thomas Donlon in a bid to manage regulatory change and drive business growth.
Paul Abberley, chief executive at Charles Stanley, is considering taking a more hands-on role at the business by becoming involved in the management of one of the group's funds.
Legg Mason is renaming a number of portfolios in its ICVC fund range to reflect the underlying investment manager.
Pioneer Investments has reached an agreement to merge with Santander Asset Management, creating one of the largest European asset management groups by AUM.