Charles Stanley has overhauled its financial planning division as the company looks to ensure clients have a more consistent service.
The change means the director of strategic development Andrew Meigh will manage the 20-strong team of financial planners, which had previously been split into teams of two or three.
Mr Meigh, who used to work as managing director of equity capital markets at Société Générale, has put together a management team from the financial planners to help govern that division.
Chief executive Paul Abberley said the new structure aims to make sure clients have a “consistent” service.
This fresh approach follows a review of the business, which prompted the firm to reorganise its asset management teams into a single investment management division.
Charles Stanley also recently took on a new head of collectives research, a multi-asset fund manager and two analysts to complete the firm’s restructure.
A spokesman for Charles Stanley said: “Andrew Meigh, Charles Stanley’s managing director of financial planning, is heading up the new division to provide a holistic service for its clients.”
He said Mr Meigh is “working closely” with Charles Stanley’s senior management to grow the financial planning business.
This comes days after the company revealed it had made a pre-tax profit £3.6m in the six months ending 30 September, marking a turnaround after the firm lost £300,000 in the previous financial year.
Following this announcement, Mr Abberley told FTAdviser the firm can now concentrate on providing a holistic service for clients.
katherine.denham@ft.com
