The area development managers, who are spread across the country, were told of the consultation process in a conference call on Friday.
MM has learnt more jobs are also under threat following Bluefin’s announcement in September that it is restructuring its private client operation to focus on a fee-based model designed to align the firm further with the RDR
The strategic review of the private client business is being led by Suvan de Soysa, who joined as managing director in July.
A Bluefin spokeswoman says: “Bluefin Advisory Services has been speaking about transitioning its business to an RDR-oriented model for many months and has been one of the most vocal supporters of higher transparency and professionalism in the market.
“As part of this, Bluefin Advisory Services announced a restructure of the private client business on September 29, 2009. The implementation of this process is ongoing, and it would be premature to make further comments at this stage.”