adviser firms

Acquisition outfit Bellpenny has completed its 30th deal to date with the purchase of Croydon-based Trustee Asset Management (TAM).

Consolidator AFH Financial has acquired two more advisory firms, bringing its total acquisitions in the last year to twelve.

Business is booming for advisers, according to a poll that signals increasing profitability and confidence in the sector two years after the rule change doomsayers said would herald its demise.

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Five outstanding retirement advice firms were honoured at the Retirement Planner Awards 2015.

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.

Stewart Ford is seeking £650m in damages from the financial regulator and auditor PricewaterhouseCoopers (PwC) for "causing" the collapse of Keydata, the investment firm he founded and which attracted almost £500m of investors' capital.

The Financial Conduct Authority (FCA) is seeking to fine former Keydata chief executive Stewart Ford £75m and ban him from any role in financial services for failings related to the investments' sales and, ultimately, failure.

The Financial Conduct Authority (FCA) has laid the groundwork for firms to come to market with ‘robo-advice' models, its director of strategy and competition Chris Woolard has suggested.

The Financial Conduct Authority (FCA) has banned and fined a financial adviser for making unsuitable recommendations of high-risk and often unregulated investments.