AJ Bell has blamed “negative market movements of £2.7bn”, for a 4% slump in assets under management in its latest trading update.

Brooks Macdonald expects to make 50 redundancies as part of a ‘streamlining’ of the business.

Platform and SIPP firm AJ Bell has boosted its profits to more than £28m as its forthcoming IPO approaches.


Financial Planner and wealth manager Quilter has suffered a fall in net inflows which it blamed on “volatile investment markets and geopolitical uncertainty.”