Fidelity's Leigh Himsworth is investing in wealth management companies as a key theme within his UK Opportunities fund, in the hope M&A and pension reforms will boost the sector.
Wealth manager Mattioli Woods has quadrupled discretionary assets under management to £750m in the year to May 2014.
Wealth manager Ashcourt Rowan has sold its remaining SIPP and SSAS business to Mattioli Woods.
Revenue at wealth manager and employee benefits business Mattioli Woods grew by a quarter in the past 12 months, latest figures show.
Mattioli Woods has reported an increase in both group revenues and profits as the effects of rule changes brought in following the Retail Distribution Review (RDR) boosted its wealth management division.
Mattioli Woods, the pension consultant and wealth manager, has reported increased pre-tax profits of £5.56m, up 9.9%, for the year ended 31 May.
Mattioli Woods has launched its own in-house discretionary portfolio management service.