GAM shareholders have rejected an offer for the company from Liontrust Asset Management.

Fast growing adviser business acquirer Loyal North has acquired financial advisory firm Paul Wallis Financial Solutions, run by Chartered Financial Planner Paul Wallis, to expand its presence in the South East.

Negotiations over a £41m offer for SIPP and pensions provider STM Group have been extended for a second time.

The team behind North West wealth manager Millen Capital are to join Financial Planner and wealth manager Evelyn Partners.