Fintech and support services firm Fintel - the owner of SimplyBiz - has returned to positive net cashflow helped by the sale of non-core businesses in 2021.

UBS is to buy robo-adviser Wealthfront for £1.04bn to accelerate its digital growth ambitions in the US.

Digital wealth manager Verso Wealth Management has acquired Chartered Financial Planning firm Pavis Financial Management.

Wealth manager St James’s Place has reported quarterly gross inflows up 27% year on year, boosting total assets under management to £153.99bn.

Acquisitive Chartered Financial Planning firm Fairstone has acquired East2west Financial Services and Brantwood Financial Planning.

The managing director of partnership at wealth manager St James’s Place, Ian Gascoigne, is to retire from the board and as a director on 31 March.

Net inflows rose 136% to £3.5bn for the rebranded Quilter Investment Platform in 2021.

Total lending to homeowners over 55 via equity release grew by 24% year-on-year in 2021, according to the Equity Release Council.

A North-East Wales credit union has been declared in default by the Financial Services Compensation Scheme (FSCS).

Wealth manager Brewin Dolphin saw its Financial Planning income rise 25.3% to £11.9m in the first quarter of its financial year ending 31 December.