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Neil Woodford's Patient Capital trust has raised £800m during its offer period, a record for a London-listed investment trust.
Charles Stanley is to raise £15.8m through a share placing as part of plans to "modernise" and refocus the business following a strategic review.
Hargreaves Lansdown co-founder Peter Hargreaves is to step down from the board of the wealth business with immediate effect.
With less than four weeks to go until the general election, wealth managers and strategists give their view on how investors should be positioned.
Woodford Investment Management (WIM) has increased the initial fundraising limit for its Patient Capital trust from £500m to £800m in response to investor demand.