The firm says the restructuring process, headed by private clients managing director Suvan de Soysa, was designed to ensure that it is positioned to take advantage of the opportunities afforded by the retail distribution review.
As part of the streamlining, 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 be undertaking a programme of selective recruitment until the year end and the division will be focus on providing advice to individuals with disposable assets of over £250,000.
Last week, Bluefin Advisory Services head of London and the south East Mike Godfrey quit his role after three years with the firm. Head of strategic development Ian Shipway left the firm in November.
Bluefin Advisory Services CEO John Simmonds says: “We’re very pleased at how the restructure of BPC has progressed. The last few months have seen a significant overhaul of the division but the steps were necessary in ensuring we are at the forefront of the new advisory climate precipitated by RDR.”