Revenues at Jersey-based wealth manager Team almost doubled in the year to September, climbing from £5.3m to £10.3m but despite this the firm posted a £1.6m loss (2023 profit £0.7m).

There’s a wide gap between the communication methods used by wealth managers and those preferred by clients, according to new research.

The sale of Close Brothers Asset Management (CBAM) to private equity firm Oaktree Capital Management for £200m has completed, with the new owner planning to create a leading, yet-to-be-named independent wealth manager.

The FCA has charged award-winning IFA Kerry Nelson and fellow director Jacqueline Stephens, who both worked for Nexus IFA, in connection with a £2m fraud.

A 46-year-old man, Olumide Osunkoya, has been jailed at Southwark Crown Court today for four years for running illegal crypto ATM activity said to be worth over £2.5m.

The Personal Finance Society (PFS), the professional body for Chartered Financial Planners, has appointed two experienced planners to its board.

The FCA confirmed this week that its requirement for regulated firms to have ‘Consumer Duty Champions’ has been axed.

Wealth manager St James’s Place has launched a £92.6m share buy-back scheme after announcing a return to profitability last year.

Exeter-based Fowler Financial Planning has been granted CISI Chartered Firm status by the Chartered Institute for Securities & Investment (CISI).

Investment manager Premier Miton has rebranded with a new visual identity (see image).