wealth management

'Wealth managers are at the mercy of fund managers on costs'

A firm matching high net worth individuals with wealth managers has received £500,000 funding for expansion into Asia from angel investors.

Bellpenny has acquired financial advisory group City Wealth Management (CWM) as it continues to consolidate smaller wealth management businesses.

Former Signia Wealth director Martin King has joined Tilney Bestinvest to lead its investment management division.

Newcastle Building Society chief executive Jim Willens has been appointed chairman of Brown Shipley.

Investec Wealth & Investment is to launch an online simplified advice service later this year and has appointed Jane Warren to oversee the launch.

The Wealth Management Association (WMA) is calling for an overhaul of the retail bond market in order to make it more accessible to wealth managers and their clients.

Old Mutual Wealth has hired Openwork's chief executive Mary-Anne McIntyre as chief distribution officer.

Wealth manager Brooks Macdonald expects its funds business to break even in the second half of its financial year, and will turn a profit for the first time in 2015-16.

FATCA is tip of the iceberg for wealth firms