Wealth Management

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.

The FCA's five key tests for investment advice

Advice firms have raised fears over "systemic mis-selling" through simplified advice and said ongoing regulatory uncertainty has stifled market developments, according to the FCA.

The Financial Conduct Authority (FCA) has laid out for firms what it views as the differences between ‘information' and ‘investment advice' - and when information can be advice.

Former Apollo partner Tom McGrath has joined Caplain Capital to take the role of chief investment officer.

Zurich has overhauled its platform fee structure and announced a cut in its initial investment charge for all clients.