wealth management

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.

Wealth managers have been shifting assets out of fixed income and into property as the unloved sector comes back onto investors' radar.

AXA Wealth's total sales increased by 68% over the first six months of the year, while the firm saw strong growth in assets on the Elevate platform and specialist multi-manager business Architas.

John Porteous, head of wealth management at RSM Tenon, has outlined the three worries keeping him awake at night as he steers the business through a challenging environment for UK financial services post-RDR.

Brewin Dolphin raised £38.6m through its recent share placing, which aimed to create £40m of new capital to fund investment in the business.

Baker Tilly has announced it would pay cash for RSM Tenon, following an investors' notice last week that it was considering the acquisition.