The Serious Fraud Office has secured the conviction of an investment manager who took £100m from investors to help pay for a luxury lifestyle including a fishing and shooting estate, a ski hotel and a motor boat.

IFA and investment manager One Four Nine Group has acquired its second advice firm north of the border, Financial Planner Russell Gibson Financial Limited.

Financial Planner and wealth manager Quilter increased pre-tax profit in the first half of the year by 9% to £61m (H1 2021: £56m) despite a sharp fall in Assets Under Management (AUM) as markets tumbled around the world.