Wealth manager and Financial Planner Succession Wealth - recently bought by Aviva for £385m - has acquired £170m AUA Edinburgh-based IFA Spence & Spence for an undisclosed sum.

Fund manager Liontrust has agreed to acquire Swiss rival GAM to create a global asset manager with £53bn in assets under management.

SIPP provider and wealth manager Mattioli Woods has acquired a 50.1% stake in Lincoln-based mortgage adviser White Mortgages for £425,000.

Over half (51%) of Financial Planning firm owners said they expected to exit or sell their business within the next five years, according to new research.