The move is said to be the part of the firm’s ongoing strategy to ensure the business is prepared for the Retail Distribution Review (RDR) and face the current uncertain economic climate.

The job cut is expected to mainly affect the firm’s management and support staff, leaving the firm’s 90-odd advisers almost unscathed.

As a part of the restructuring, the company has also appointed Bob Dimond as head of its national corporate client business.

Previously, Dimond was responsible for corporate clients in the South East which will now be headed up by Kevin O’Farrell, who joined from Barclays this year.

Commenting on the changes, Origen Financial Services managing director Mike Kirsch said the changes represented nothing more than "good housekeeping".

"It is a pretty tough place to be an IFA these days," he said. "We must live within our means.

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