Major Swedish wealth manager Söderberg & Partners has taken a “significant” minority stake in expanding Bath-based Chartered Financial Planner Fidelius as it continues its UK expansion drive.

Fast-growing wealth manager and Financial Planner Perspective Financial Group completed two more acquisitions shortly before the Christmas break, adding £190m AUM to the firm.

Jersey-based wealth manager and financial services group TEAM plc has acquired its third Financial Planning business, it announced today.

The FCA has warned that it will intervene on the sale of client banks if selling firms fail to make clear any redress liabilities.