Wealth Management

Dan Kemp has been promoted to chief investment officer for Europe, Middle East, and Africa (EMEA) at Morningstar, replacing Daniel Needham.

Charles Stanley's William Tong has joined Waverton Investment Management's managed funds team as business development manager.

Sanlam UK has acquired Caerus Portfolio Management as part of a deal which will see it take a 20% stake in the Caerus adviser network.

Investment trust Caledonia Investments is close to agreeing a deal to purchase a stake in Seven Investment Management, according to reports.

Hargreaves Lansdown has launched six "ready-made" portfolios for non-advised investors, offering access to its £5bn multi-manager range for an ongoing fee below 2%.

Old Mutual Wealth has hired Architas' Andrew Miller as an investment specialist in its sales team as its increases its focus on advisers.

Sanlam Private Investments' chief investment officer Richard Champion has ended his 11-year stint at the firm in order to take a senior role at Canaccord Genuity Wealth Management.

Tilney Bestinvest has strengthened its board with the appointment of former Financial Services Authority chief John Tiner and Betfair CEO Breon Corcoran as non-execs.

The Financial Conduct Authority (FCA) could up the amount of easily accessible cash advisers have to hold a percentage of their yearly investment advice earnings, in a bid to stop firms failing in the face of a "normal" level of complaints.

Bob Woods, executive chairman of advice firm Mattioli Woods, is to pay out half the value of his 15.1% stake in the firm to his ex-wife under the terms of their divorce settlement.