Salford-based financial adviser and professional services firm Frenkel Topping, has accepted a £65.8m takeover offer from private equity firm Harwood.

The Close Brothers Group has reported an operating loss of £122.4m for the year ended 31 July 2025, in comparison to a £132.7m profit the previous year.

Group revenues more than doubled to £6m for InvestAcc for the six months ended 30 June (H2 2024: £2.5m).

Private equity backed Financial Planning firm Ascot Lloyd posted a pre-tax loss of £14m for the year ended 31 December, following the impact of an FCA investigation into the firm, according to accounts filed with Companies House this week.

Financial advice partnership True Potential Wealth Management has reported losses of £242m for 2024, from a £9m profit in 2023, according to accounts posted with Companies House this week.

Wealth manager Brooks Macdonald has reported full-year net outflows of £0.4bn for the year ended 30 June.

Aegon’s adviser platform saw a drop in net outflows to £1,447m in the first half of 2025.

Net flows for Aviva’s wealth division rose 16% year-on-year to £5.8bn for the first half of the year, despite a dip in flows during the first quarter.

Wealth manager Utmost Wealth Solutions has reported net inflows of £2bn for the first half of 2025, bringing a two-year streak of negative flows to an end.

Net inflows rose 182% year-on-year to £4.3bn for wealth manager and Financial Planner Quilter in the first half of the year.

Investment platform and SIPP provider AJ Bell has reported 7% growth in advised customer numbers (year on year) to 180,000 for the three months ended 30 June.

Net outflows rose 22% for Liontrust Asset Management in the three months ended 30 June (Q2 2024: £0.9bn).

Wealth manager Brooks Macdonald saw £5m of net outflows in the quarter ending 30 June, a 96% fall from the £129m reported the previous quarter and its lowest outflows for two years.

Manchester-based Pareto Financial Planning has seen a 30% increase in new business for the year ending 31 March.

Profits rose 17% to exceed £13m (2023: £11.2m) for wealth manager JM Finn in 2024, an increase for the second consecutive year.

Net flows for Aviva’s wealth division dropped 15% year-on-year to £2.3bn for the first quarter of 2025 (Q1 2024: £2.7bn).

Net inflows held steady at £345m for wealth manager and Financial Planner Evelyn Partners in the first quarter of the year despite a dip in assets under management.

The advice arm of asset manager Aberdeen reported £0.6bn in outflows for the quarter ended 31 March 2025.

Jupiter Fund Management saw assets under management fall by £1bn to £44.3bn in the first quarter as high retail outflows continued to bite.

Total advised customers for investment and SIPP platform AJ Bell rose 7% year-on-year to 177,000 in the first quarter.