Quilter

Wealth managers have been reducing allocation to equities in favour of convertible bonds as a hedge against volatility, following a strong run higher for equity markets.

Bestinvest founder John Spiers has hired a six-strong team for the launch of a new investment service at his recently acquired wealth management business, EQ Investors.

Has Old Mutual overpaid for Quilter Cheviot?

Old Mutual Wealth (OMW) is to establish a close relationship between adviser network Intrinsic and Quilter Cheviot after it agreed a £585m deal to acquire the discretionary manager.

Old Mutual is in advanced talks about a £650m takeover of the UK's second largest independent wealth manager Quilter Cheviot, according to Sky News.

Quilter Cheviot, the UK's second-biggest independent wealth management group, has rejected a £600m bid from Old Mutual, according to a report.

Quilter Cheviot's Nick Lacey has joined Psigma Investment Management as business development director.

More private equity firms are looking at buying up wealth managers as a coming savings shake-up boosts the sector's appeal, according to Ashcourt Rowan CEO Jonathan Polin.

Jupiter is looking at a sale of its private client business after receiving an unsolicited bid for the division, according to reports.

THE BIQ QUESTION