Quilter to make hundreds of redundancies in move to cut costs - reports

400 to be made redundant

Pedro Gonçalves
clock • 2 min read

Quilter is set to make hundreds of its staff redundant in the coming months as the wealth manager attempts to bring down costs, CityAM has reported.

According to the article, Quilter is poised to make some 400 people redundant, with redundancy packages to be offered in the coming months. This is on top of the over 200 staff  that have already been made redundant since June 2018, when the firm listed on the London and Johannesburg stock exchange via IPOs. So far, areas such as as financial advice and HR have been affected by redundancies. CityAM said staff working on the platform side of the business are more at risk of future redundancies, as the business's new platform becomes more automated after its £500m re-platforming.  A ...

To continue reading this article...

Join Professional Adviser for free

  • 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 Your profession

Why good advice relies on asking difficult questions

Why good advice relies on asking difficult questions

Difficult questions a 'core feature' of good advice

Ahmed Bawa
clock 21 November 2025 • 4 min read
Advice firm revenues hit £6bn in 2024 but job numbers fall

Advice firm revenues hit £6bn in 2024 but job numbers fall

Retail investment adviser posts across all firms fell to 37,441

Isabel Baxter
clock 21 November 2025 • 2 min read
Feel Good Friday: Bespoke Advice recertifies B Corp status

Feel Good Friday: Bespoke Advice recertifies B Corp status

First attained the certification in 2023

Professional Adviser
clock 21 November 2025 • 1 min read