Acquisitive South Coast-based wealth manager and financial adviser Skerritts has made its second acquisition this week with the purchase of London-based Black Swan Financial Planning.

Expanding Chartered Financial Planner Skerritts Group has hired former Quilter CEO Paul Feeney as its new group CEO.

Wealth manager and Financial Planner Quilter has been hit by a sharp fall in inflows in Q3, blaming the decline partly on cost of living pressures hitting clients.

Quilter chief executive Paul Feeney will leave the wealth manager and Financial Planner at the end of October after 10 years in charge.