Advisory

Mattioli Woods is to acquire advice firm Boyd Coughlan in a £7m deal and has also announced plans to raise a more than £18m from shareholders to fund further growth.

Most advisers are confident their business will be prepared for the upcoming switch-off of fund-based trail commission, according to a poll which contradicts other research conducted on firms' readiness.

Consolidator Bellpenny has completed two more IFA acquisitions bringing an additional £56m in funds under management and more than 250 clients.

The Financial Conduct Authority (FCA) could up the amount of easily accessible cash advisers have to hold a percentage of their yearly investment advice earnings, in a bid to stop firms failing in the face of a "normal" level of complaints.

Succession Advisory Services is set to apply for discretionary permissions as the company looks to extend its offering.

Annuities have become the new focus for complaints according to figures from the Financial Ombudsman Service (FOS), a year after the product was publicly abandoned by the Chancellor.

Financial regulators in the US are warning investors and advisers to beware the limitations of automated investment tools.

Standard Life has completed the acquisition of wealth manager Pearson Jones from Skipton Building Society, a move which represents its return to offering financial advice.

National wealth manager and consolidator Bellpenny has acquired two IFA firms with a combined £84m funds under management (FUM).

Wealth manager Towry has completed the buyout of rival firm Ashcourt Rowan.