The £232m takeover of Financial Planning-led wealth manager AFH Financial Group has been given the green light by the FCA.

Bill Vasilieff, CEO of £9bn platform Novia, will exit in June following the takeover of the business by private equity firm AnaCap Financial Partners.

GWM Financial Planning has changed its name to Skybound Wealth Management following its acquisition by Skybound Capital in April.

Fund data and tech company FE fundinfo has acquired Financial Planning cashflow modeller CashCalc. 

Mold-based Celtic Financial Planning has opened new offices in Canary Wharf in London as it expands its team. 

Wealth manager Tilney Smith & Williamson reported a 6.7% increase in net inflows to £704.1m for 2020, in its first full year financial results since the merger.

STM Group, owner of the Options pensions business (formerly known as Carey), has sold its Jersey Corporate & Trustee Services (CTS) businesses for £1.4m.

Lloyds Banking Group is set to launch a £400m takeover of fast growing retirement and wealth management company Embark Group, according to a speculative report from Sky News over the weekend.

Nearly 92% of shareholders in platform Nucleus have accepted a cash offer from rival platform James Hay which values Nucleus at about £145m.

Chancellor Rishi Sunak revealed today that the FCA will launch a regulatory ‘scale up box’ to build on its successful sandbox strategy which has helped dozens of start-up fintech firms get off the ground.