Wealth Management

Brewin Dolphin is rebranding its Managed Funds Service (MFS) and plans to expand the range of portfolios on offer, making them available on more platforms in the future.

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.

Sanlam Wealth Planning, the restricted advice arm of Sanlam UK, has acquired financial planning firm FA Watts Investment Managers.

Parmenion Capital Partners will unveil a new product which will blend both active and passive investments according to market conditions.

EQ Investors, the boutique wealth manager led by Bestinvest founder John Spiers, has launched an investment service for high-net-worth individuals, companies and charities with over £750,000 to invest.

Vestra Wealth has hired Russell Harrop, formerly Woodford Investment Management, as head of international equities.

Brewin Dolphin saw its funds under management fall in the last quarter after a difficult period for risk assets.

Rathbones Unit Trust Management has seen its inflows more than halve compared to last year, reflecting a trend for outflows in the industry as a whole.

Acquisition outfit Bellpenny has completed its 30th deal to date with the purchase of Croydon-based Trustee Asset Management (TAM).

Private bank and wealth manager BHF Kleinwort Benson has received a takeover approach from Chinese investment bank Fosun International.