wealth management

Barclays Wealth has acted to cut its services for clients with less than £500,000, as it implements plans revealed last year.

Wealth management giants including Rathbones, Towry and Quilter are said to be looking at a £50m acquisition of Jupiter's private client business, and a sale now could enable the group to pay a special dividend to shareholders, analysts have said.

The Financial Conduct Authority (FCA) has appointed ex-Kleinwort Benson chief executive Robert Taylor as head of wealth management and private banking in its supervision division.

Ashcourt Rowan has agreed a deal with Duke Street General Partner to acquire UK Wealth Management (UKWM), funding the purchase through a share placing.

Bristol based discretionary investment firm, R C Brown Investment Management (RCBIM) has recruited the team that managed the ‘Signature' investment proposition for Rowan Dartington.

UBS Wealth Management UK has poached a six-strong team from Deutsche Bank to broaden its service to financial planners.

The head of wealth management at Signia Wealth, Rupert Robinson, has left the business after less than a year, Investment Week understands.

The Financial Conduct Authority (FCA) has admitted the RDR has created unintended consequences for the wealth management industry.

John Wyn-Evans has joined Investec Wealth & Investment as head of investment strategy.

Rowan Dartington has restructured its senior team, resulting in Tim Cockerill taking over as investment director and Guy Stephens as managing director of the Signature division.