Members of the Wealth Management Association (WMA) have agreed to the proposed merger with adviser trade body the Association of Professional Financial Advisers (APFA), paving the way for an official sign-off on 1 June.
The vote by WMA members followed APFA members' ‘unanimous' vote in favour of the merger at an EGM on 23 May. The combined entity will be called the Personal Investment Management & Financial Advice...
Investors have largely avoided financials over the past 10 years, with the share prices of US and European banks having largely stood still relative to broader markets since 2007. But while banks won't return to their record valuations any time soon (and...
Steps already taken
Increasingly diverse sector
First of planned acquisitions
Feedback from first year