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Plutus plans relocation ahead of move into corporate advice

Plutus plans relocation ahead of move into corporate advice

Plutus Wealth Management plans to move offices as part of a business overhaul ahead of a recruitment drive and a move into the corporate benefits market.

Robert Forbes (pictured), partner at London-based Plutus, said the new offices at Bridewell Place would be four-times larger than the old ones on Cannon Street, and would put Plutus closer to law and accountancy firms with which it has links.

Plutus is part of network Financial Group but plans to become directly authorised to tackle the corporate advice market in the run up to pensions auto-enrolment.

‘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.’

A flow of new clients from staff hires and group pension schemes would let Plutus focus more on segmentation, said Forbes. ‘We are going in with a menu-based proposition. You can go for basic or bespoke portfolio planning, or something in between.’

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