US-owned wealth manager and Financial Planner Raymond James Investment Services (FRN 194713) has agreed that it will not employ any new investment managers or open any new branches without the consent of the Financial Conduct Authority.

Wealth manager Raymond James has completed its £280m takeover of rival Charles Stanley.

Wealth manager Charles Stanley’s takeover by rival Raymond James has moved a step closer with the scheme of arrangement receiving High Court approval.

The FCA has today approved the £280m takeover of wealth manager Charles Stanley by rival wealth firm Raymond James.