Wealth managers

Wealth manager Brooks Macdonald has announced a spate of acquisitions alongside a hike in profits which have jumped 17% to £8.5m year-on-year.

Marlene Shalton is to spearhead a project by Guardian Wealth Management to become a major force in financial planning in the UK.

Merchant Capital has launched Merchant Wealth, a private client wealth management service.

Morgan Stanley Smith Barney has this morning confirmed the sale of wealth manager Quilter to private equity firm Bridgepoint, in a deal reportedly worth £175m.

Collins Stewart has acquired Surrey-based IFA and private client wealth manager Andersen Charnley for an initial £5m.