The European Court of Justice (ECJ) has said discretionary portfolio management should not be exempt from VAT.
Wells Capital has acquired fellow discretionary firm Reeves Investment Management in a deal which increases its assets under management by more than £50m.
Axa Wealth has linked with discretionary manager Brooks Macdonald Asset Management (BMAM) to offer advisers risk-profiled portfolios.
Sanlam Global Investment Solutions is launching an offshore bond designed to protect against volatile equity and bond markets.
Novia has expanded its discretionary fund manager range with the addition of stockbroker EFG Harris Allday to the platform.
Barclays wealth and investment management business has launched a range of five risk-rated model portfolios as it looks to further align itself with the IFA community.
Close Brothers Asset Management (CBAM) has made its discretionary portfolio fund range available to advisers via True Potential's Wealth platform.
Novia has added Arjent's multi-asset portfolios to the wrap in an expansion of its discretionary manager offering.
London & Capital's range of ten actively managed risk-graded portfolios have been added to the True Potential platform.
Collins Stewart Wealth Management (CSWM) has launched a portfolio construction framework it claims addresses the major shortcomings of traditional risk management processes.