wealth management

Will provide support for existing clients

Funds under management fall

Targeting group pension schemes

Standard Life bidding for Elevate

Follows execution-only review

Promotion follows merger of multi-asset division

Helped by JPMAM acquisition

Fees described as 'anything but' transparent

Wealth manager Brooks Macdonald has promoted Andrew Shepherd, joint managing director of its asset management business, into the new role of deputy chief executive with immediate effect.

EQ Investors, the boutique wealth manager led by Bestinvest founder John Spiers, has launched an investment service for high-net-worth individuals, companies and charities with over £750,000 to invest.