M&A

A financial adviser has left the Legal & General network after 25 years to enter into a partnership with Continuum, a growing advisory business backed by Caerus Capital.

The shareholders of Tavistock Investments have approved the firm's takeover of Standard Financial Group and its troubled adviser network Financial Ltd.

The chief executive of national IFA Ashcourt Rowan has talked of the importance of scale in wealth management as the company awaits regulatory approval for a near-£100m takeover by Towry.

Listed financial services group Tavistock Investments has agreed to buy Standard Financial Group, the parent company of adviser network Financial Ltd, in a bid to grow the size and reach of its advisory business.

Major shareholders, including Old Mutual's Richard Buxton have thrown their weight behind Aviva's £5.6bn takeover bid of Friends Life, saying the deal would strengthen both sides.

Adviser support services firm SimplyBiz has appointed a corporate adviser to explore its options for selling a stake in the business.

Discretionary fund manager (DFM) Barnett Waddingham Investments, formerly part of the Barnett Waddingham group, has de-authorised seven months after being taken over by rival DFM Whitefoord, regulatory records show.

What will lead US growth into 2015?

IFA consolidator Moneygate Group has halved pre-tax losses in the first year following the Retail Distribution Review (RDR) its accounts have shown.

Consolidator and wealth manager Succession Group has made its tenth acquisition putting it a step closer to achieving its target of 50 firms by 2017.