The FCA has imposed sweeping restrictions on Beaufort Securities Limited (BSL) and Beaufort Asset Clearing Services Limited (BACSL) and is working with the US Department of Justice to investigate the firms.

More than 30 discretionary fund managers (DFMs) have signed up to use FE Transmission, a data service which allows financial advisers to research and analyse model portfolios and DFMs.

A discretionary fund manager born out of a Chartered Financial Planning firm claims that five new passive portfolios it is launching today are the “cheapest in the UK”.

Thesis Asset Management has launched an ‘acquisition strategy’ with the purchase of Cambridge Fund Managers (CFM), a Bath-based discretionary investment manager with £30m in funds under management.