St James's Place, one of the UK’s largest wealth managers, suffered a 21% drop in its share price at one point today after announcing a review of its much-criticised fees and charges.

The near £1bn merger between wealth managers Rathbones and Investec Wealth & Investment has completed this morning.

Financial Planning-focused wealth manager Atomos has recruited former Fidelity executive Dawn Mealing to be its new Financial Planning business manager.

Funds under management rose 7.5% year-on-year to £16.8bn (2022: £15.7bn) for wealth manager and Financial Planner Brooks Macdonald.