Investment platforms saw their worst ever quarterly net flows in the third quarter - plummeting to just £2.3bn, according to investment research company Fundscape.

Major Swedish-owned wealth manager Söderberg & Partners is launching an adviser platform powered by investment platform Seccl.

AJ Bell has promoted Ryan Hughes to be its new investments director to lead its range of multi-assets funds and the managed portfolio service for financial advisers.

Advised customers increased 10% year-on-year to 159,256 at platform and SIPP provider AJ Bell for the year ending 30 September.