Wealth firms can occasionally find that parting with advisers after disagreements can be such sweet sorrow.

That’s certainly the case at Charles Stanley, which has been embroiled in a High Court battle with one of its erstwhile investment directors, Biagino ‘Gino’ Palmeri, who had been seeking £10 million in an unfair dismissal claim.

Gino, who now runs his own firm, GPIM Ltd, claimed that he was forced out for refusing to take a 15 percent pay haircut du...