St James’s Place has begun parting ways with advisers in its vast network who are no longer “energised”, its chief executive Mark FitzPatrick said, as he continues to look for ways to shave costs and revitalise the wealth manager.
The Cirencester-headquartered firm, which has £198.5bn in assets, is looking to strip out an extra £100m of costs annually by 2027 as part of a major restructuring effort under FitzPatrick.
