Wealth Management

Sanlam Private Wealth has hired Distribution Technology's Rob McDonnell as head of business development.

Most advisers are confident their business will be prepared for the upcoming switch-off of fund-based trail commission, according to a poll which contradicts other research conducted on firms' readiness.

Three former Brewin Dolphin directors have joined forces to launch their own investment management firm, Brighton Capital Management.

Consolidator Bellpenny has completed two more IFA acquisitions bringing an additional £56m in funds under management and more than 250 clients.

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.