United Arab Emirates wealth manager AHR Private Wealth is to take over London-based AXG Group which offers financial advice and Financial Planning services mainly to expats.

Wealth manager and Chartered Financial Planner Brooks Macdonald has bought the Channel Islands wealth management and funds business of Lloyds Bank International for £9.63m.

Wealth managers not equipped to deal with rise in high net worth demand for offshore investments, says analytics firm GlobalData.

More than 20 per cent of clients of IFA firm deVere Group have sought advice on moving UK assets out of Britain since the Brexit vote in 2016.