Quilter Private Client Advisers has bought national IFA firm Prescient, adding £800m of assets under advice.
Optimism in the financial services sector is improving at the fastest pace since June 2015, according to the latest CBI-PWC Financial Services Survey.
Bancroft Wealth, an IFA and wealth manager, has launched a £500 flat-fee advice service it claims will challenge traditional wealth managers charging a percentage fee.
The Financial Conduct Authority has begun High Court proceedings against alleged unauthorised deposit takers and secured an injunction freezing £1.3m in assets.
Low cost fund manager Vanguard is mulling plans to enter the UK financial advice market and, at the same time, boosting its team working with advisers and engaging direct with consumers.
Just before Christmas I suggested that the FCA needed a new direction post-Bailey. It may already have found one although it is clearly not the direction everyone wants.
UK equity funds had their best month for net retail sales for six months but there was a trend towards lower volatility funds.