The investment and Financial Planning group Tilney Bestinvest has appointed Martin King as managing director of investment management.

Sesame Bankhall Group has axed its wealth management arm for advisory firms which will result in all its investment advice firm members having to become directly authorised or choosing to become appointed representatives elsewhere.

A Financial Planning led investment management firm has announced its fourth takeover in just over a month in a deal which will bring its spending to nearly £4m.

Old Mutual Wealth has reported its UK platform profits increased to £19 million from £13 million last year and its gross sales were £5.1 billion.

A new academy for aspiring wealth managers based in the Midlands will launch in September.

Axa Wealth has reported its overall funds under management have grown 10 per cent to £27billion in the last 12 months.

A financial advisory firm has brought in a director from Barclays Wealth and his former team to head up a new look national IFA operation.

Two directors of a wealth management company have been fined and banned by The Financial Conduct Authority for "serious failings in relation to the protection of client money".

The founder of an asset management company, set up in a back bedroom 19 years ago, says its success has gone beyond his wildest dreams after reaching the point of overseeing £385m worth of assets.