Liontrust Asset Management is to acquire North Investment Partners, appointing founder John Husselbee, as well as former LV = manager Paul Kim, to run its first multi-asset proposition.
Jupiter has warned advisers against products that over diversify investments in a bid to fit the mould of modern portfolio theory and regulation.
North Investment Partners has reported a loss of almost £400,000 for 2012 after upping investment into its Wealth Solutions service.
Fidelity has launched a fund of funds investing in lesser-known portfolios as an exclusive offering for its high-net-worth (HNW) direct clients.
The Financial Conduct Authority (FCA) has launched a review of the execution-only market, examining all aspects of the industry including looking at buy lists for the first time.
Multi-asset managers are raising cash levels and adding to government bonds as fears over the US economy spook investors.