Over half (51%) of Financial Planning firm owners said they expected to exit or sell their business within the next five years, according to new research.

Platform One has agreed to acquire fintech Gaudi and take over the £1bn-plus SIPP assets currently administered by the firm.

Fife-based RS Robertson Financial Planning has been acquired by Gilson Gray Financial Management, the financial services arm of law firm Gilson Gray.

Asset manager Liontrust has confirmed it has approached the board of GAM with a view to taking over its Swiss rival’s business and merging it with its own to create an asset manager with around £100bn in AUM.