Troubled wealth firm Dolfin Financial (UK) Ltd has entered into administration after having restrictions imposed by the Financial Conduct Authority (FCA) in March.

Wealth manager Brown Shipley has hired Dan Morris as a client adviser for its Birmingham office from Smith & Williamson where he was a Chartered Financial Planner.

Smith & Williamson Investment Management’s Managed Portfolio Service has added BlackRock’s Gold and General fund in anticipation of resurgent inflation over the next few years.

The merger of Tilney and Smith & Williamson completed this morning with the group being renamed Tilney Smith & Williamson.