Wealth manager and Chartered Financial Planner The Penny Group has completed its acquisition of Midlands Financial Planning firm Roberts Financial Consultancy (RFC) Ltd for an undisclosed sum.

Adviser network Openwork has recruited St James’s Place exec Anna Davies to be its new wealth proposition director.

The first set of graduate trainees at advice network The Openwork Partnership have moved into advice roles after completing their professional exams.

Nearly half (46%) of advised clients have undergone a comprehensive review of their financial situation since the start of the Coronavirus pandemic, according to a new report.