City Firm Plans Major Recruitment Drive

One of the City's most lucrative wealth management companies is moving to offices four times the size of its current ones - in order to make room for a major recruitment drive it is planning for the near future. 

Plutus Wealth Management is staging a major business overhaul, with plans to launch a major drive into the corporate benefits market. Plutus partner, Robert Forbes, said they were making sure that their new offices at Bridewell Place, in the City of London, had plenty of room to accommodate the intensive recruitment they have ahead of them. 

"We are looking to take on more people, both IFAs and administration staff," said Forbes. "We are going down the directly authorised road and will commit to the corporate advice business. It is a space we want to move into because people are moving out and we want to set up with large companies."

The company is moving out of its current offices - on Cannon Street - at the moment, and the new location will move them closer to the law and accountancy firms with which it has long-standing business relationships. 

The expansion of the company - which is part of the network Financial Group - is being timed to allow it to take advantage of the impending pension auto-enrolment changes. The new recruitment is likely to leave the company with a headcount of around 40 staff. 

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