Charles Stanley will reportedly continue with a cost - cutting plan aimed at transforming it into a holistic financial manager over the next three to five years ; the company is looking to recover from declining profitability having given two profit warnings in 2014 . Costs have so far been cut by 5 % , over the six months to the end of September , but the company 's CEO , Paul Abberley , described the cuts made so far as " low hanging costs " , and said that more areas for cuts will be identified over the next six months .
Charles Stanley will reportedly continue with a cost-cutting plan aimed at converting it into a holistic wealth manager over the next three to five years; the company is looking to recover from declining profitability having given two profit warnings in 2014. Costs have so far been reduced by 5%, over the six months to the end of September, but the company's CEO, Paul Abberley, described the cuts made so far as "low hanging fruit", and said that more areas for cuts will be identified over the next six months.