Charles Stanley restructure to cost £10m

Annual results

Beth Brearley
clock
Charles Stanley's Paul Abberley
Image:

Charles Stanley's Paul Abberley

The major restructure announced by Charles Stanley earlier this month is expected to cost £9.5m, the firm said in its annual results.

The changes to its operating model and management structure are expected to take two to three years to complete and are aimed at supporting its goal of achieving a net margin of 15%. As part of the...

To continue reading this article...

Join Professional Adviser

 

  • Unlimited access to real-time news, industry insights and market intelligence.
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters.
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection.
  • Members-only access to the editor’s weekly Friday commentary
  • 
 Be the first to hear about our events and awards programmes.

Join

 

Already a Professional Adviser member?

Login

More on Investment

UKSIF to launch sustainability-focused adviser directory

UKSIF to launch sustainability-focused adviser directory

Aims to help advisers gain clients with sustainable interests

clock 04 October 2022 • 1 min read
Why advisers need to act on climate change and how it can be done

Why advisers need to act on climate change and how it can be done

"Knowing where to begin for most small businesses is a huge barrier"

Andy Morris
clock 03 October 2022 • 4 min read
Liz Truss defends Mini Budget despite BoE intervention

Liz Truss defends Mini Budget despite BoE intervention

The PM has spoken on several local BBC Radio stations this morning

clock 29 September 2022 • 1 min read