Industry professionals have dubbed Quilter's latest move to launch a self-employed model as promoting a 'guns for hire' approach, while the advice giant argued it will create freedom and flexibility for its advisers.
On Tuesday (26 January) Professional Adviser revealed that Quilter was aligning those employed within the business to a self-employed model for the advisers in its Quilter Financial Advisers brand as it continues to integrate the 600 advisers it acquired in its Charles Derby and Lighthouse deals. Those two firms making up Quilter FA exist alongside Quilter Private Client Advisers and the Quilter Financial Planning network, which altogether account for around 3,800 financial advisers belonging to the Quilter group. The advice giant appeared to be following in the footsteps of St. James's...
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