Consolidator wants to fill 'advice gap'
Bids due before Christmas
Investors under £50k asked to leave
Robo-advice is like using a Maclaren to go shopping
New hires for launch
Rathbones to buy out Vision Group
Headed by former Sanlam director Speirs
Groundwork for telephone-based proposition
Four multi-asset portfolios on offer
Fees described as 'anything but' transparent
Wealth manager Mattioli Woods has bought advice firm Taylor Patterson for £8.3m, adding a further £640m to its £5.4bn of client assets.
Firm targets 'mass affluent' through technology
Rathbone Unit Trust Management chief executive Mike Webb has urged advisers to consider the sustainability of fund performance when doing their due diligence, as he warned there is "still too much herding" going on in the market.
Acquisition outfit Bellpenny has completed its 30th deal to date with the purchase of Croydon-based Trustee Asset Management (TAM).
Consolidator AFH Financial has acquired two more advisory firms, bringing its total acquisitions in the last year to twelve.
Business is booming for advisers, according to a poll that signals increasing profitability and confidence in the sector two years after the rule change doomsayers said would herald its demise.
Sanlam UK made £10m from the sale of its stake in advice network Intrinsic to Old Mutual Wealth.
Debt-laden network Sesame has been given access to a £45m bailout fund by its parents Aviva and Friends Life.
Former Old Mutual bond manager Stewart Cowley has launched a new venture providing investment advice and portfolio management to advisers and fund groups.
Brown Shipley has acquired financial planning business Hampton Dean for an undisclosed amount.
Hargreaves Lansdown has agreed to acquire £370m of assets from J.P. Morgan Asset Management for an undisclosed amount, as the latter ceases to offer certain direct investments to individual clients.
Walker Crips is planning for further expansion by seeking out employees at rival firms who are "disenchanted" by industry merger and acquisition activity.
The Financial Conduct Authority (FCA) has defended the methods it uses to calculate advisers' contribution to its annual costs as fair and proportionate, as it confirmed a 10% hike for firms for 2015-2016.
Mattioli Woods is to acquire advice firm Boyd Coughlan in a £7m deal and has also announced plans to raise a more than £18m from shareholders to fund further growth.