Wealth Management

Aegon UK posted a 37% increase in earnings in the fourth quarter of last year, compared with the same period in the year before, citing increased demand for income drawdown on its platform.

Investment and financial planning businesses Jonathanfry and Easby Gale and Phillipson (EG&P) have completed a merger to form a company running £700m of clients' funds.

Investec Wealth and Investment fund research specialist Anthony Leatham is to leave the company for a role at broker Peel Hunt.

Brooks Macdonald has launched five new risk-rated portfolios, doubling the number of strategies in its managed portfolio service (MPS).

Consolidator AFH Financial has acquired Kidderminster-based advice firm K.L. Plester Financial Services for £1.7m.

Brooks Macdonald Asset Management has appointed Vestra Wealth's Jim Mackie as an investment management director.

Last week, Neptune announced an overhaul of its research and business operations following disappointing fund performance in recent years.

Growing concern over co-investor risk is leading some buyers to turn away from pooled vehicles entirely in a bid to reclaim control of their investments.

The partners of Seven Investment Management (7IM) are considering selling the business, according to reports.

Standard Life has bought advice firm Pearson Jones from Skipton Building Society as it moves to capitalise on the demand for pensions advice.