"The board recognises the importance of ensuring the retention and reward of high quality individuals as a key part of the overall strategy for growth," the firm said in its half year trading update.
The current fund manager retention and incentive structure will be discontinued as the principal reward and retention mechanism for new fund managers, and the new renumeration structure will come into effect from the second half of 2016.
It will not require the issuance of Miton Group plc shares, said the group.
Assets under management were £2,542m, down from £2,784m in December 2015. Average assets under management over the six month period were £2,792m.
Net inflows in the first quarter saw assets under management rose to £3,032m at 31 March 2016. These inflows were offset in the second quarter, mainly due to outflows from the the CF Miton UK Value Opportunities Fund. AuM in this fund fell from £783m to £388m at 30 June 2016.
Andrew Jackson joined Miton on 27 June and took over responsibility for the management of the CF Miton UK Value Opportunities Fund from 1 July 2016. It was previously managed by star manager duo George Godber and Georgina Hamilton who left in April for Polar Capital.
“We continue to focus on the operational strength of our business to plan for future AuM growth and ensure the continued prosperity of the group,” said Ian Dighé, chairman of Miton Group.
Miton went on to note that markets have been particularly unsettled by the outcome of the EU referendum vote and from the previous market set-back at the start of 2016.
"As a group we are, and remain, primarily focused on providing our services to UK investors and we do not currently rely on passporting UK domiciled funds to overseas markets to maintain our results," it said.
“The group is well positioned with a range of first class funds to deliver performance for our clients and create value for our shareholders," commented Gervais Williams, managing director of Miton Group.
"By continuing to deliver distinctive strategies for our clients through genuinely active management and clear communication we will build on the strong foundations that have now been established,” he added.
The CF Miton Total Return Fund was wound up on 17 May 2016 - as it was "economically unviable due to its size and as unlikely to reach critical mass."