With annual income of £625 million and £106.7 billion of assets under management and administration (AUMA) Quilter, is a top tier wealth manager by most definitions with a significant presence in both the affluent and high net worth segments of the market.

It is also still in ongoing restructuring, however.

A composite of the insurance and other businesses acquired by Old Mutual, a South African financial services group, as a consequence of its second attempt to build a...