Assets under advice at Brooks Financial, the new financial planning proposition of wealth manager Brooks Macdonald, held steady at £5.7bn through the first quarter of the financial planner’s financial year. 

The Advertising Standards Authority (ASA) has issued a ruling against Finelo, an AI trading training platform, over misleading online adverts.

US-owned wealth manager and Financial Planner Raymond James has appointed Spiros Kurtidis as combined head of marketing as part of a reorganisation of its team following its acquisition of Charles Stanley.

Mergers and acquisitions in the wealth management sector have tripled over the past six years but appear to be failing, so far, to boost revenue per adviser, according to new research.

Specialist expat financial adviser Blevins Franks has predicted a 54% rise in UK client enquiries about moving to Europe this year.

Financial Planner Kerry Nelson, the director of Nexus Independent Financial Advisers Limited and Nexus Investment Managers Limited, and colleague Jacqueline Stephens, the firms’ business operations manager, have pleaded guilty to fraud after four clients lost £2m.

Funds under direction held on the Transact platform reached £86.5bn at the end of September, a 17% year-on-year increase.

Doncaster-based finance firm Switch Lifestyles Ltd (FRN: 842488) has been declared in default by the Financial Services Compensation Scheme.

The number of individuals with more than £1m in their ISA accounts climbed more than 50% in the 2023/24 tax year, an FOI request shows.

Fewer than one in five (18%) employees with a workplace pension have a clear retirement plan, despite more than half (51%) having given a lot of thought to their financial needs in later life.