Wealth manager Quilter is to open up its HNW propositions to external independent financial advisers working with wealthy clients.

Wealth manager and Financial Planner Tilney Smith & Williamson - soon to rebrand - said Assets Under Management fell by £1.9bn in the first quarter of this year, “reflecting more challenging recent market conditions.”

Quintet Private Bank, the owner of Financial Planner and wealth manager Brown Shipley, has appointed experienced HSBC executive Chris Allen to be its new group CEO. 

Fast growing Financial Planning and wealth management firm Kingswood is to acquire Lincolnshire IFA Vincent & Co for up to £421,000.

Ludlow Wealth Management, a subsidiary of wealth manager and SIPP provider Mattioli Woods, has acquired £80m AUM Glasgow Financial Planner Ferguson Financial Management in a deal worth up to £1.2m.

The individual wealth score of Britons fell by 8% in the first quarter of the year, according to the LifeSearch Health, Wealth and Happiness Index.

Assets across all advised platforms fell by 2.42% in the first quarter of this year.

The Central Arbitration Committee has rejected an application from union Unite to be recognised as the union for Financial Conduct Authority employees.

Nine in 10 SIPP millionaires investing with Hargreaves Lansdown are men, underlining the gender pension gap, according to new research.

Wealth manager Brewin Dolphin reported Financial Planning income up 24.6% year-on-year to £23.8m in the six months ending 31 March, driven by higher fund levels and demand for advice.