The FCA has today imposed stringent restrictions on London-based wealth manager London Stone Securities Limited after concerns the firm was charging clients ‘excessive fees’ sometimes exceeding 65% of portfolio value.

The FCA has revealed that on 22 August it imposed restrictions on London Court Limited (FRN 146522) for failings relating to the 'My Investment Hub' platform.

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.

The Financial Conduct Authority has restricted the movement of cash and assets from Odey Asset Management (FRN: 214843) according to an update to the FCA Register published today.