Chartered Financial Planning-focused Fairstone has acquired Taunton-based £125m AUM financial adviser 1st Financial Group in a boost to its footprint in the West Country.

Tavistock Investments plc has struck a deal to sell its King Financial Planning arm for £3 million in cash and has also entered into an exclusivity agreement for the potential sale of Tavistock Group Holdings Limited, the owner of Tavistock Private Client Limited, to national Financial Planner Atomos.

Fund manager Albemarle Street Partners (ASPIM) is to rebrand from 1 February and will become WisdomTree Portfolio Solutions, using its new owner's name.

Mergers and acquisitions in the wealth management sector have tripled over the past six years but appear to be failing, so far, to boost revenue per adviser, according to new research.

SIPP and SSAS provider and administrator InvestAcc has sold its Chartered Financial Planner business Vesta Wealth to its management in a £12m deal.

Fast growing national Financial Planning firm Shackleton has struck a deal to acquire Aberdein Considine Wealth (known better as AC Wealth), one of the largest wealth management firms in Scotland. 

Lync Wealth Management, part of 7IM, has acquired two Belfast-based Financial Planning firms to expand its presence in the region.

US private equity investor Stone Point Capital, which has invested £56bn in financial and healthcare businesses around the world, has completed its takeover of Amber River, one of the UK’s fastest growing Financial Planning firms.

Expanding Financial Planner Nine Edge Wealth is to rebrand its Scottish businesses under the Nine Edge Wealth banner as it continues to grow.

Expanding Chartered Financial Planner Fairstone has acquired two Financial Planning firms managing a total of £183m AUM/A near its North East base.