Wealth managers

Will robo-advice take off in the UK?

Northern Ireland-based wealth manager Davy Private Clients UK has acquired financial adviser and investment firm Graham Corry Cheevers, adding £230m of assets to its books.

Suitability is back at the top of the regulator's agenda this year, but many wealth managers are still behind the curve, according to Wealth Dynamix CEO Gary Linieres

Firms trying to expand into new business areas are having to wait 85% longer for Financial Conduct Authority (FCA) authorisation than two years ago.

Wealth management firms are facing more serious consequences from a failure to meet suitability requirements as the regulator puts practices under fresh scrutiny.

After several years of strong growth, Hargreaves Lansdown has reported a drop in pre-tax profits for the last six months of 2014 as the impact of clean pricing offset a further rise in assets.

Signia Wealth's CEO and co-founder Nathalie Dauriac-Stoebe has resigned, following a string of departures from the group.

European Wealth has acquired two firms in order to boost its onshore and offshore wealth management services.

Brooks Macdonald has grown discretionary assets under management to £6.7bn, according to its first quarter results, with new business topping £100m despite market headwinds.

Charles Stanley has warned its next round of results will miss market expectations as the business continues to feel the squeeze on its commission income, while in a separate move it said it had sold Henry Dixon's Matterley fund to Miton Group.