The takeover of acquisitive Financial Planning-focused wealth manager Harwood Wealth by global private equity firm Carlyle has been completed today.

AFH, the Financial Planning-led wealth manager, is set to return to its strategy of acquisition after taking a break to consolidate rapid expansion in recent years.

Ninety One plc and Ninety One Limited, the new names for Investec Asset Management, will float with a stock market valuation estimated at between £1.7bn and £2.2bn.