IFA

Portfolios will invest in a number of collectives

A former financial adviser has been jailed for six years for stealing hundreds of thousands of pounds from vulnerable clients - including more than £103,000 from a person with learning difficulties.

IFA consolidator AFH Financial has bought Davisons Financial Management for a total of £2.9m.

Wealth manager European Wealth has completed the £3m acquisition of IFA business ISM Solutions it announced in its annual results in May.

National independent advisory business Wren Sterling has reached an agreement with Darlington Building Society to offer in-branch financial planning services to the group's customers.

Adviser consolidator Succession group has bought DNG Financial Solutions, its fourteenth member firm buyout en route to a target of 50 firms by end 2017.

Wealth manager European Wealth has raised £2m towards its planned acquisition of IFA ISM Solutions.

National wealth manager and consolidator Bellpenny has acquired two IFA firms with a combined £84m funds under management (FUM).

Tavistock Investments has acquired Cornwall-based IFA Duchy Independent Financial Advisers as part of its plan to assemble a national network of advisers.

Tavistock Investments has bought IFA Sutcliffe Solloway Financial Planning and its parent Cornerstone Asset Holdings, completing the deal that formed Tavistock Partners.