Troubled wealth manager and financial services firm WH Ireland said losses increased last year and it has given up trying to sell its wealth management after negotiations to unload the division collapsed.

Clients are facing delays of up to three months due to the lengthy onboarding processes of some wealth managers, according to a new report.

Swedish wealth manager Söderberg & Partners has invested in three more adviser firms as it expands its financial advice presence in the UK.

Wealth manager St James’s Place has added a new ‘CIO Office’ team to oversee the running of its investment processes.