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.

Two former RBC Wealth managers have launched a new HNW wealth adviser called Six Degrees.

After intense pressure from several quarters, wealth manager St James's Place said today that it would scrap most exit charges in a major overhaul due to be implemented in the second half of 2025.

Liverpool wealth manager Blankstone Sington (FRN 143694) has gone into special administration following a company-requested court order under the Investment Bank Special Administration Regulations 2011.