JP Morgan Chase has acquired loss-making digital wealth manager Nutmeg as it looks to expand its retail digital wealth management offering.

Independent Wealth Planners (IWP) has acquired Guildford-based Financial Planning firm Omnium Capital Limited.

Expanding wealth manager and Financial Planner Kingswood has agreed to acquire North Lincolnshire Chartered Financial Planning firm Admiral Wealth Management for a cash consideration of £4m, payable over two years.

Tavistock Investments has acquired Cambridge-based IFA Chater Allan Financial Services and announced a 50% increase in profits for the year ending 31 March.