wealth management

Investec Wealth & Investment has launched a private office to expand its services for high net worth clients.

Wealth management group Towry saw profit more than halve in 2014 as a result of costs relating to acquisitions and "various issues" following discussions with the regulator.

The start of 2015 has proved to be a busy few months for the wealth management space as firms make acquisitions, hires and expansion plans. Investment Week rounds up the stories you may have missed.

'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.