Wealth managers

Equilibrium Asset Management is to launch its own range of in-house funds next year as it looks to curtail its use of platforms and avoid trading delays.

John Betteridge, the former chief investment officer of Prudential's UK insurance division, has joined Rowan Dartington to head its asset allocation team.

Brewin Dolphin has negotiated a deal to reduce its payout to Figaro Technology after it backtracked on plans to roll out a new computer system earlier this year.

Proposals from Europe to restrict the use of dealing commissions to pay for investment research have been rejected by the Investment Management Association (IMA) and the Wealth Management Association.

Natixis Global Asset Management has expanded its London-based portfolio research and consulting group.

Former Apollo partner Tom McGrath has joined Caplain Capital to take the role of chief investment officer.

Financial services firm WH Ireland has expanded its private wealth management business in a bid to grow assets under management.

Brooks Macdonald has seen funds under management climb by 4.2% in the first quarter of 2014, results have revealed.

Schroders today said profits at its wealth management business had rebounded sharply following the takeover of Cazenove in July, while asset management profits also jumped as the business moved on from the loss of star manager Richard Buxton.

Brown Shipley has promoted Kevin Doran to chief investment officer after Peter Botham moved across to a new role focusing on the company's IFA business.