Discretionary Portfolio Management

BNY Mellon has expanded its distribution team with three hires including RSM Tenon's Adrian Gough.

Private client manager James Hambro & Partners is to merge with Calkin Pattinson to create a combined group with £1bn in assets under management, advice and administration.

Mattioli Woods has launched its own in-house discretionary portfolio management service.

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Wells Capital has acquired fellow discretionary firm Reeves Investment Management in a deal which increases its AUM by over £50m.

Fidelity has expanded its Fidelity Active Strategy range for discretionaries with the launch of an Emerging Markets fund managed by Nick Price.

Fidelity FundsNetwork is launching a new third party discretionary management service for advisers.

Close Asset Management has renamed four of its discretionary portfolios and has moved two of the range to different IMA sectors to better reflect their investment objectives.

City Asset Management (CAM) has unveiled the Elite CAM Discretionary Portfolio, an Oeic managed by research director James Calder.