Quilter Cheviot, the UK's second-biggest independent wealth management group, has rejected a £600m bid from Old Mutual, according to a report.
Quilter Cheviot's Nick Lacey has joined Psigma Investment Management as business development director.
More private equity firms are looking at buying up wealth managers as a coming savings shake-up boosts the sector's appeal, according to Ashcourt Rowan CEO Jonathan Polin.
Jupiter is looking at a sale of its private client business after receiving an unsolicited bid for the division, according to reports.
With investors worried about global growth, and 'safe-haven' government bonds yielding near record-low amounts, investors have piled into 'defensive' stocks, but are they just too pricey now? Below, experts give their views.
Quilter has signed an agreement with Cheviot Asset Management that will see the two businesses merge by the end of the year.
Quilter & Co and Cheviot Asset Management are in talks to combine their businesses via a private-equity facilitated merger.