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Helm Godfrey axes senior staff as part of restructure

Helm Godfrey has axed two senior staff in a major restructure which will see its wealth and corporate arms merged.

The company’s two brands, Helm Wealth and Helm Corporate, are being merged into a single entity, Helm Godfrey.

Director and head of Helm Corporate John Deacon and deputy head of Helm Corporate Ed Smithson have both been made redundant.

Deacon has worked at the company since June 2011. Previously, he worked as Truestone Employee Benefits and Hymans Robertson.

Smithson joined with Deacon having worked with him at Truestone Employee Benefits.

A Helm Godfrey spokesman says: “Over the years John and Ed have provided very valuable input into the running of the company and we wish them all the best for the future.

“The decision to restructure the business comes as we align our remuneration structures across what had been the two separate divisions.

“There will be a greater focus on fee-based advice, charging transparency and holistic financial planning. This is in line with the broader direction of the financial advice industry, for individuals and in the corporate and employee benefits sector.”

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