Sky News is reporting that wealth manager and Financial Planner Brooks Macdonald is plotting a £300m bid for fund manager 7IM.

Net flows continued to improve for wealth manager Brooks Macdonald in the second quarter which ended on 31 December.

Quilter Financial Advisers has appointed former Brooks Madonald financial advice lead Adrian Keane-Munday as its national sales director.

Wealth manager Brooks Macdonald reported a 2.2% increase in funds under management (FUM) for the quarter ending 30 September.