Wealth Management

European Wealth has opened an office in Manchester, expanding its regional network into the North West of England, after recruiting a pair of former Barclays investment managers.

Network Sesame has again come out top as the most complained about advice firm, although numbers of cases against it were down, according to the Financial Ombudsman Service's (FOS) half yearly figures published today.

‘I am surprised at the market reaction to current geopolitical risk’

The chair of the Financial Services Consumer Panel (FSCP) has offered harsh criticism of firms' efforts to improve how they deal with clients, saying most have not embraced the idea of treating customers fairly.

Dilution levies are becoming increasingly popular among fund groups, but are they a hindrance to investing or a necessary feature to protect against short-term trading?

A financial adviser has been jailed for five years for stealing a total of £85,000 from his victims in a theft campaign targeting the elderly and the recently bereaved.

Another Keydata adviser has been declared in default by the Financial Services Compensation scheme (FSCS), as it published a new list of 28 advice firms unable to meet claims against them.

Walker Crips has poached two more stockbrokers from Barclays as it expands its investment team.

Wealth manager Ashcourt Rowan has sold its remaining SIPP and SSAS business to Mattioli Woods.

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.