Liverpool wealth manager Blankstone Sington Ltd (FRN: 143694) has been declared as failed by the Financial Services Compensation Scheme.

Steven Sussman has retired from his position of chairman at wealth manager JM Finn following a 26-year career at the firm.

Wealth manager Brooks Macdonald has completed major organisational changes, cutting full year costs by about £4m, according to a trading update today.

The Chartered Institute for Securities & Investment (CISI) has appointed Glenn Murphy ACSI as the new head of CISI’s Wealth Management Forum Committee.

Troubled wealth manager and Financial Planner WH Ireland has reorganised its board after a £5m rescue deal thrashed out in the summer saved the company from being wound up.

Quilter Investors has added two funds to its Cirilium range to improve protection against potential volatility.

The Financial Conduct Authority has called on wealth managers to justify high fees and prove value for money in a 'Dear CEO' letter.

Wealth and investment manager Brooks Macdonald is to cut 55 jobs - about 10% of its workforce - as part of cost-cutting measures announced today.

St James's Place, one of the UK’s largest wealth managers, suffered a 21% drop in its share price at one point today after announcing a review of its much-criticised fees and charges.

The near £1bn merger between wealth managers Rathbones and Investec Wealth & Investment has completed this morning.