Discretionary managed portfolio provider FE Invest has appointed two senior investment professionals, including a Chartered Financial Planner, to its growing team.

A Chartered Financial Planning firm is on the verge of completing a two-year management buyout, which it says will “accelerate a period of ambitious growth” that aims to double the size of the business.

Wealth manager Kingswood has revealed it has raised up to £80m to fund acquisitions.

Chartered Financial Planning firm Fairstone has seen its client base rise to 59,000 – a 5% increase over the past six months – with three firms joining its Downstream Buy Out (DBO) programme and a further four being fully acquired by the business.