Tweed Wealth Management has acquired Glasgow-based Capital Wealth Consultants (CWC) as it expands into western Scotland.

Troubled wealth manager and financial services firm WH Ireland said losses increased last year and it has given up trying to sell its wealth management after negotiations to unload the division collapsed.

Clients are facing delays of up to three months due to the lengthy onboarding processes of some wealth managers, according to a new report.

Swedish wealth manager Söderberg & Partners has invested in three more adviser firms as it expands its financial advice presence in the UK.

Wealth manager St James’s Place has added a new ‘CIO Office’ team to oversee the running of its investment processes.

Liverpool wealth manager Blankstone Sington Ltd (FRN: 143694) has been declared as failed by the Financial Services Compensation Scheme.

Steven Sussman has retired from his position of chairman at wealth manager JM Finn following a 26-year career at the firm.

Wealth manager Brooks Macdonald has completed major organisational changes, cutting full year costs by about £4m, according to a trading update today.

The Chartered Institute for Securities & Investment (CISI) has appointed Glenn Murphy ACSI as the new head of CISI’s Wealth Management Forum Committee.

Troubled wealth manager and Financial Planner WH Ireland has reorganised its board after a £5m rescue deal thrashed out in the summer saved the company from being wound up.