wealth management

Ian Porter has joined Sanlam Private Investments (SPI) in the newly created position of head of wealth management, as the firm looks to grow its presence in the retail market.

Fund manager Gervais Williams has written to the IFA community following his comments made in a Sunday Times interview last month, in which he labelled financial advice 'expensive'.

Credit Suisse is to combine its private banking and asset management divisions to create a wealth management arm.

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Canaccord Financial is set to acquire the wealth management arm of boutique private client investment management business Eden Financial, which has also put its asset management arm up for sale.

Private client manager James Hambro & Partners is to merge with Calkin Pattinson to create a combined group with £1bn in assets under management, advice and administration.

Wealth manager Ashcourt Rowan is to receive an £8.5m cash injection designed to strengthen the company's balance sheet and help it realise its ambitions in the financial advice space.

Steven Mendel, head of wealth management at Close Asset Management, is to leave the firm at the end of this week.

Wealth manager Brooks Macdonald has launched its long-awaited funds business comprising a seven-strong range of portfolios.

Odey Asset Management has launched a new balanced managed product as the group continues to develop its wealth management proposition.