The FTSE has opened in negative territory after a gloomy assessment of the US economy pushed European shares lower.

Discretionary wealth manager AFH Financial Group has floated on the PLUS-quoted market following a successful subscription raising £1,757,000.

David Cameron will today tell EU leaders to "agree a plan and to stick to it" amid fears Europe's disunited response to the Greek debt crisis will engulf the eurozone and drag down the pound.

Deputy Prime Minister Nick Clegg has backed proposals to give the public shares in part-nationalised banks RBS and Lloyds.

Nucleus member firms are opening their doors to fellow advisers in a series of open days designed to showcase the benefits of belonging to an adviser-owned wrap.

Sanlam Private Wealth has launched a specialised wrap for advisers outsourcing to discretionary managers.

The FSA has already decided final rules governing platforms ahead of publication of its policy paper in July and will "not budge" on the proposal to ban cash rebates.

A key legal agreement set to be signed between platform players has been hailed by Tisa as the "final piece" of the re-registration jigsaw.

An overwhelming majority of advisers think cash rebates on platforms should be allowed to continue, recent research suggests.

Bill Vasilieff says the recent FSA review highlighting investment suitability failures at wealth management firms has exposed shortcomings in Know Your Client Information.