Wealth Management

Proposals from Europe to restrict the use of dealing commissions to pay for investment research have been rejected by the Investment Management Association (IMA) and the Wealth Management Association.

Skipton Building Society is to sell its advice arm Torquil Clark to national wealth manager Bellpenny for an undisclosed sum.

Wealth manager St James's Place (SJP) has revealed it received a Financial Services Compensation Scheme (FSCS) levy of £6.9m for 2014.

Murdoch Asset Management director Tony Dunne tells Julia Rampen why he prefers Mark Barnett to Neil Woodford, what opportunities he sees in student accommodation and why he is steering clear of the rally in Japan.

Wealth management group and consolidator Succession has acquired LRH Wealth Management for £3m and outlined plans to buy a further nine firms this year.

Brooks Macdonald said today it will complete a deal to buy risk-adjusted funds house Levitas Investment Management "imminently" after reporting another jump in discretionary assets under management.

The Financial Conduct Authority (FCA) has used its suspension power for the first time to ban two of the Financial group's subsidiaries, network Financial and separate firm Investments, from recruiting new appointed representatives (ARs).

Charles Stanley has said it is approaching the coming months with caution in the face of falling commission income, and significant costs to invest in the business.

Wealth manager and stockbroker WH Ireland has reported strong profit growth in the six months to May, as it refocuses its business and withdraws from third party administration.

Simon Redgrove and Andrew Fay are to exit Close Brothers Asset Management, three years after it acquired their firm Cavanagh for £26m.