Independent financial adviser Paradigm Group is to launch an asset management business offering discretionary fund management services.
Walker Crips Investment Management has launched a discretionary portfolio service aimed at advisers in a move to expand its business.
Principal Investment Management has acquired discretionary investment manager Iain Nicholson Investment as it expands its presence in the regions.
Private client manager James Hambro & Partners is to merge with rival Calkin Pattinson to create a combined group with £1bn in assets under management, advice and administration.
The majority of advisers favour outsourcing investment management to a discretionary fund manager (DFM), research suggests.
Parmenion has been selected as the sole provider of investment infrastructure for CAERUS Portfolio Management Limited (CPML), the fund management arm of CAERUS Capital Group.
Saltus has launched a suite of discretionary multi-asset portfolios on the Nucleus and Novia wrap platforms.
Novia is launching a tool enabling advisers and discretionary fund managers (DFMs) to create and manage model portfolios online.
Sanlam Fund Solutions (SFS) has linked up with Source Pensions to provide advisers access to investment management advice in the corporate pensions market ahead of auto-enrolment.
The Financial Services Authority (FSA) has warned that firms must make sure any rebalancing of clients' portfolios is "entirely mechanical" unless they have discretionary permissions.