Confidence among high net worth individuals is continuing to weaken due to speculation about potential tax raising policies, according to the latest Saltus Wealth Index report from wealth manager Saltus.

Half (53%) of financial advisers have seen clients move abroad in the past 12 months, a new report shows.

London-based financial advice firm Advies has acquired St Andrews Financial, adding around £200m in assets under advice.

The majority, 70%, of Financial Planning firms say that AI will not impact their headcount this year, with only 3% planning to reduce current staffing levels due to AI.

Confidence among UK high net worth individuals has weakened again after a brief recovery in the second half of last year, according to a new study.

Saltus-backed wealth manager and Financial Planning firm Advies Private Clients has acquired Financial Planner Nicholas Trayford for an undisclosed amount.

Chartered Financial Planner Andrew Gardiner has left his role as associate director with Lowes Financial Management in Newcastle after it was taken over by national firm Saltus.

Transferring wealth between generations is as important to clients of Financial Planning firms as retirement, a new study reveals.

Financial Planner and wealth manager Saltus has acquired £400m AUM Herts-based Financial Planning firm Delta Financial Management.

More than four in five Financial Planners (84%) expect assets under management and advice to rise this year, according to a survey.

Financial Planner and wealth manager Saltus has bought Newcastle-based Financial Planning firm Lowes Financial Management for an undisclosed amount.

Wealth manager Tavistock today reported an operational loss after a turbulent last six months, during which time the firm quarrelled with former investment partner Titan Wealth and sold its advice business.

Wealth manager Tavistock has confirmed that it will reposition the business after receiving £22m from The Saltus Partnership today for its network of 140 self-employed registered individuals.

Wealth manager Tavistock has acquired asset manager ABP as it completes its sale of its financial advice businesses, Tavistock Partners Limited and Tavistock Partners (UK) Limited, to Saltus.

Saltus has paid up to £37.75m to acquire Tavistock’s financial advice businesses, Tavistock Partners Limited and Tavistock Partners (UK) Limited, including the Abacus and Duchy brands.