Quilter to cut restricted advisers; Pre-tax profits down 8% during 'demanding year'

Chief executive Paul Feeney said he was very satisfied with the profit numbers given the broader market environment experienced during a "year of extraordinary challenges, both personal and professional". Adjusted profit before tax for the group was £182m in 2019.  The results also revealed a "small number" of restricted advisers would leave the business and a review of Quilter International had begun. The business currently has 1,842 restricted planners. Professional Adviser previously revealed advisers' jobs at Quilter Financial Advisers were at risk as the firm looked to adopt a se...