Pre-tax profits surge 33% at Brooks Macdonald

Wealth manager Brooks Macdonald has reported rapid growth in profits and funds under management for the year ended 30 June as recent acquisitions helped deliver strong results.

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Abrdn to buy AI wealth manager

Abrdn has agreed to buy AI-powered wealth manager Exo Investing for an undisclosed sum as the financial services provider and investment manager plans to offer digital wealth management services via an app.

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Charles Stanley to be acquired by Raymond James

Wealth manager Charles Stanley is to be acquired by US wealth manager Raymond James, in a deal worth £278.9m.

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Raymond James launches third new branch of 2021

A former divisional director for Brewin Dolphin has founded a new Raymond James branch in Cheltenham Spa.

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