Former Mattioli director Mark Smith has been appointed CEO at pensions and SIPP fintech Gaudi.

Newly-formed Financial Planning firm Truinvest has acquired two adviser firms to add to the two it acquired last year.

The most significant asset allocation change to client portfolios over the last 12 months has been rising exposure to infrastructure and alternatives, according to a study conducted among 200 intermediaries.

Wealth manager and SIPP specialist Mattioli Woods has overhauled its board in a move that will see two directors step down.