DFM
Collapsed wealth firm sells client book
After entering administration in August 2019
AJ Bell to open platform to third party DFMs in H2 2020
It will provide tax wrapper, custody, dealing and settlement services
Greyfriars AM and Berkeley Burke declared in default
Glasgow-based IFA business and West Midlands wealth manager also named by the UK lifeboat service
Dozen UK firms in default during March 2020
Lifeboat scheme said clients could be able to get back money they have lost
Life insurer expands investment opportunities for DFMs
They will be able to create bespoke portfolios and reduce expenses