Wealth manager Brooks Macdonald has reported rapid growth in profits and funds under management for the year ended 30 June as recent acquisitions helped deliver strong results.

Abrdn has agreed to buy AI-powered wealth manager Exo Investing for an undisclosed sum as the financial services provider and investment manager plans to offer digital wealth management services via an app.

Wealth manager Charles Stanley is to be acquired by US wealth manager Raymond James, in a deal worth £278.9m.

A former divisional director for Brewin Dolphin has founded a new Raymond James branch in Cheltenham Spa.

Newly-launched Financial Planner and wealth manager AHR Private Clients has added three more wealth directors as its recruitment spree continues.

Wealth manager WH Ireland has returned its first profit in five years in its final results for the year ended 31 March.

Financial wealth in the UK grew by 7% in 2019-20 compared to 5% for Western Europe, according to a new report.

Yorkshire-based wealth manager The Private Office (TPO) has been recognised as one of the UKs top 100 companies to work for.

Assets under management for the wealth management arm of WH Ireland rose 18% to £2.18bn for the year ending 31 March as the group returned a full year profit for the first time in five years and revealed it was seeking more acquisitions.

Wealth manager and Financial Planning firm Brooks Macdonald has reported a 13.3% rise in group funds under management (£15.5bn) but revenues for its Financial Planning arm have dipped.