Moneyinfo, a client portal provider for advisers, has launched a new tool for DFMs and wealth managers to help them to meet the MIFID reporting obligations, recently identified by advisers as their biggest headache.

New research has predicted a 7% fall in the number of IFAs and wealth managers by 2022, despite rising demand for financial advice.

An independent report commissioned by the government has suggested expanding the dormant assets scheme to include investment and wealth managers.

The Financial Conduct Authority has called on the investment sector and wealth managers to improve the way they disclose costs and charges to clients following a review of the sector which found shortcomings.