Abu Dhabi-based wealth manager Hoxton Capital Management has continued its UK buying spree by acquiring London and Southend IFA Devine Financial Management.

The Financial Services Compensation Scheme has opened an investigation into two companies owned by the Tenet Group which fell into administration yesterday.

The Tenet Group Limited has gone into administration although parts of the group, recently subject to several sell offs, continue to operate.

Aviva-owned wealth manager and Financial Planner Succession Group has acquired HNW-focused, London-based Chartered Financial Planner London Wall Partners LLP.

Abrdn Wrap has added its first with profits fund to its platform, Wesleyan’s With Profits Growth Fund.

Warwickshire-based Chartered Financial Planner MPA Financial Management has acquired local adviser firm, Worcester-based Suckling Waddington and Partners (SWP), for an undisclosed sum.

A new global study suggests wealthier investors will turn their focus back to equity investments over the next year amid signs interest rates may fall, reducing the attractiveness of cash savings.

Quilter Financial Planning, the restricted financial advice network of Quilter plc, has added four new appointed representative firms.

Adviser fintech and back office provider Intelliflo has linked with fintech firm Aveni.ai to launch a integrate generative AI service which the two firms say could revolutionise financial advice workflow and compliance.

Proposals to introduce a British ISA risk causing more harm than good and damaging the successful ISA brand, according to AJ Bell.