However, Conor Mullane, a senior mortgage and protection adviser at Capricorn Financial, was given a 15-month prison sentence suspended for two years, and must pay his victim £1,750 compensation, contribute £525 towards prosecution costs and not drink alcohol for 60 days.
Mullane, who is a self-employed contractor at Capricorn, has been suspended from the office since the incident.
Capricorn is an appointed representative of Openwork and Mortgage Solutions understands the network is considering its response and whether Mullane continues to meet the fit and proper person test.
Openwork told Mortgage Solutions that it does not comment on individual adviser circumstances.
According to reports, Mullane smashed Alfred Quinn, a mortgage adviser also self-employed at Capricorn Financial, in the face with a bottle at the Rutland Arms pub in Hammersmith, London.
The pair had just finished watching the England vs Wales European Championship game when the incident happened.
Mullane hit Quinn in the face around the eye with the bottle leaving the victim scarred above and below his eye
Accepting his guilty plea for unlawful wounding, Judge John Bevan QC told Mullane that had the injury been more severe he would have been sent to prison.
“I have seen the scars, I hope you have, under and over his eye,” Judge Bevan said.
“An inch in either direction and there would have been no question of accepting a plea of guilty and no question of you not going to prison immediately.
“What saves you from an immediate sentence, despite your grotesque behaviour because you could not hold your drink, is your guilty plea and your previous good character.”
The judge also questioned how Mullane could be responsible for other people’s finances given his actions and warned that if Mullane was found to be drinking alcohol during the period he would be sent to jail.
Mullane, 27, has worked at Capricorn for six years and claims he has never had an application declined.
Quinn, 22, joined in November 2015.