wealth management

The Wealth Management Association has warned the aims of the RDR could be undermined if advisers continue to be given non-monetary benefits.

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.