Wealth manager Quilter has reported a 25% increase in adjusted profit in 2023 to £167m as Assets Under Management or Administration rose by £7.2bn to £103.4bn.

A third (34%) of advisers changed platforms in the last year following the Consumer Duty, mergers and technology updates, according to Defaqto’s newly-released annual Platform Service Review for 2024.

Wealth and investment manager Quilter has extended access to its WealthSelect Managed Portfolio Service to three new third-party platforms for the first time.

Financial services mutual Wesleyan has appointed Karen Blatchford as managing director of dental, direct and intermediary distribution.