Former St James’s Place adviser Jason Maddison has joined national IFA Continuum as a financial adviser based in Spennymoor, County Durham.

Eldon Financial Planning, based near Darlington, has become the latest Financial Planning firm to become employee owned.

Financial Planner Tilney Smith & Williamson, which is re-branding to Evelyn Partners this summer, is to expand its presence in the North East with the Newcastle office doubling in size.

Sky News is reporting that private equity firm Cinven is close to sealing a deal to buy North East-based wealth manager and Financial Planner True Potential.