Mattioli Woods' subsidiary City Pensions has acquired the pension admin business of UK Wealth Management, part of Ashcourt Rowan, for up to £355,000.
City Trustees, a subsidiary firm of Mattioli Woods, has acquired the pensions business of Ashcourt Rowan for £1.3m.
Ashcourt Rowan has been fined £412,000 by the Financial Services Authority for legacy issues relating to its Savoy Investment Management business.
Ashcourt Rowan Asset Management has appointed Toni Meadows as its chief investment officer.