wealth management

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.

Charles Stanley has reported a jump in revenue over the first quarter of its financial year, pointing to growing FUM and increased investor confidence.

IFA acquirer and wealth manager Bellpenny has acquired Walton on Thames-based IFA Entire Wealth Management.

Kuber Ventures has unveiled a six strong line-up of EIS fund managers, two months on from launching the first ever EIS platform.

AXA Wealth has cut its sales team by 30 staff in a bid to restructure the business following the completion of several projects.

The UK's biggest advice firms have been accused of failing to adequately inform potential clients whether they provide independent or restricted advice.