Wealth and investment manager Brooks Macdonald is to cut 55 jobs - about 10% of its workforce - as part of cost-cutting measures announced today.

St James's Place, one of the UK’s largest wealth managers, suffered a 21% drop in its share price at one point today after announcing a review of its much-criticised fees and charges.

The near £1bn merger between wealth managers Rathbones and Investec Wealth & Investment has completed this morning.

Financial Planning-focused wealth manager Atomos has recruited former Fidelity executive Dawn Mealing to be its new Financial Planning business manager.

Funds under management rose 7.5% year-on-year to £16.8bn (2022: £15.7bn) for wealth manager and Financial Planner Brooks Macdonald.

Wealth manager St James’s Place (SJP) has hired former Prudential boss Mark FitzPatrick to be its next CEO.

Wealth manager and Financial Planner Mattioli Woods said pretax profits leapt 48% to £11.9m in the year to 31 May as it continued on its acquisition path.

Former Brooks Macdonald investment director Daniel Minett has teamed up with platform P1 Investment Services to launch his own DFM-based wealth management firm.

Wealth manager St James’s Place (SJP) is hosting a live event to encourage more people with disabilities to apply for roles as financial advisers.

Canaccord Genuity Wealth Management (CGWM) UK has launched a new Financial Planning office in Norwich which will be headed by award-winning Financial Planner Hazel Bowen, the Personal Finance Society’s Chartered Financial Planner of the Year 2023.