Capita Financial Software has entered the increasingly competitive risk-profiling market with the launch of its Synaptic Modeller tool.

Alliance Trust Savings (ATS) has boosted its intermediary sales team from one to eight members as part of a push into the advised market.

Wealth manager Caerus has appointed Mansard Capital to run its four risk-rated Dynamically Rebalanced Portfolio funds.

Restricted wealth manager Towry is planning a "busy" year of acquisition, according to its CEO.

Analysts at HSBC have suggested the popularity of balanced funds towards the end of 2012 was due to advisers attempting to maximise commission income before the implementation of new rules following the Retail Distribution Review (RDR).

Wrap and pension provider James Hay has launched additional options on its low-cost self-invested personal pension (SIPP) aimed at mass market clients.

Former head of Aegon distribution Patrick Gale has joined research firm Defaqto as executive chairman, after announcing his departure last week.

Just 2% of advisers in the Tenet network have gone restricted, after the firm encouraged members to remain independent.

Cofunds has extended its lead as the UK's largest platform, with assets rising to £45bn, according to the Platforum's latest pricing guide.

Capita has added Zurich's newly-launched platform to its comparison and due diligence service.