Bellpenny’s acquisitions and marketing director Dominic Rose has left the company.
A statement from the acquisitive national advisory firm explained he left at the end of May, after doing a “fabulous job” for the last four years.
Mr Rose will be on gardening leave until August, with Mike Porter, who has worked in the sales department since 2012, taking over as Bellpenny’s head of acquisitions.
Chief executive Nigel Stockton pointed out Mr Rose is still only 31-years-old and “decided he wished to pursue a new challenge”, adding “he goes with our very best wishes and we wish him every success for the future”.
Around this time last year, Mr Rose spoke to FTAdviser, stating the consolidator expected to complete another 10 adviser acquisitions during 2015, adding to an already busy first half.
But in November, the firm put 51 jobs up for consultation, with potential redundancies centered around the operations team.
Mr Stockton explained the changes were a consequence of having acquired and integrated 32 advisory businesses in the past three years.
Earlier this year, Mr Rose revealed Bellpenny was looking to launch a robo-advice service in the second quarter of 2016.
He said: “We have got a large number of clients who we think would like to self-select. It is reasonably advanced and I would expect that in the second quarter we will make clear who we are working with and how it is going to work.”
peter.walker@ft.com
