Financial Planner and wealth manager Tavistock has criticised an unexpected and unwelcome takeover offer from a new company as undervaluing the business and providing little benefit.

Parmenion, the platform acquired for £102m last week, is to invest in its own proprietary technology rather than follow other platforms in using third party ‘platform engine’ providers such as FNZ.

London-based MWA Financial has acquired Prosperity Financial Advisors & Stockbrokers of Hampshire as part of a strategy to become a national IFA firm.

SimplyBiz Group, the adviser support company, has rebranded as Fintel following its acquisition of fintech Defaqto and a greater focus on financial technology.

Quilter says it will cut a “small number” of “restricted Financial Planners” following a dip in profits.

Private equity firm Preservation Capital Partners has today acquired the Parmenion platform from owners Standard Life Aberdeen for "up to £102m."

Flat fee investment platform Interactive Investor (ii) is to acquire acquire the direct-to-consumer retail customer book of rival EQi for up to £48.5m.  

Wealth manager Tilney Smith & Williamson has acquired Surrey Financial Planner HFS Milbourne which has approximately £450m of client assets under influence.

Financial Planning-focused adviser group AFH Financial has temporarily suspended trading in its ordinary shares on the AIM index pending an announcement from the business.

Adviser fintech Intelliflo has brought together five business under a new global Intelliflo brand.