Bluefin slashes jobs in private client division
Share
Bluefin Advisory Services has restructured its private client financial planning division, cutting adviser numbers from around 180 to 50.
The firm says that the restructuring process, headed by private clients managing director Suvan de Soysa, was designed to better position the business in preparation for the retail distribution review.
As part of the reshuffle, all Bluefin Private Client advisers will be required to have attained CII diploma level and the Institute of Financial Planning certified financial planner status.
BPC will undertake a programme of selective recruitment until year-end and the division will focus on providing advice to individuals with disposable assets of more than £250,000.
Last week, Bluefin Advisory Services head of London and the South-east Mike Godfrey quit after three years with the firm. Head of strategic development Ian Shipway left in November.
Bluefin Advisory Services CEO John Simmonds says: “We are very pleased at how the restructure of BPC has progressed.”
If you enjoyed this article, sign up here to receive daily email updates from Money Marketing and Follow @_moneymarketing
