Investing in the profession

MUTUAL ADVICE

Tyneside-based Moneygate Group has purchased a minority stake in and formed a partnership with a high net worth financial planning firm Group Rapport.

The coalition government's staggered changes to tax law means advisers can boost their proposition by offering annual tax and pension reviews, according to Standard Life.

Tyneside-based Moneygate Group has acquired discretionary fund management (DFM) and advisory firm Watermark in a bid to broaden its offering to clients.

GOING IT ALONE

REFERRALS

Sanlam Private Wealth has acquired the client bank of two more financial planning companies as part of its drive to increase its presence in the UK.

The New Model Business Academy (NMBA) is looking to bring new blood into financial services by targeting A-Level students to work with member firms.

A former head of HM Revenue & Customs (HMRC) who stepped down after he was accused by MPs of lying has been hired by HSBC to advise on honesty, according to reports.

INDEPENDENCE