Jack McVitie, who founded the group two decades ago, had taken a leave of absence for health reasons earlier this week and LEBC confirmed yesterday afternoon he had passed away (September 3).
Chairman of the LEBC Holdings board, Oliver Bogue, said: “I speak for everyone at LEBC when I say that we are all deeply saddened by Jack’s death.
“Jack had guided LEBC with outstanding stewardship for the past 20 years and always acted in the very best interests of the group’s clients and staff, indeed all stakeholders, putting them at the forefront of all that he did.”
Mr Bogue said Mr McVitie had spearheaded LEBC’s growth, which had seen the business become one of the largest independently owned national IFAs.
He added: “Jack McVitie will be sorely missed by everyone who knew him, and our thoughts are with his family through this sad time.”
An LEBC spokesperson said Mr McVitie was “unique” and “held in the highest regard” by competitors, clients and colleagues alike.
The spokesperson added: “We will continue to build on his legacy to make financial advice accessible to all, and to ensure LEBC Group remains at the forefront of innovation in financial advice.”
Mr McVitie founded LEBC Group in 2000 with the aim to deliver comprehensive advice that was tailored to client needs, committing to trying to transform access to financial advice in the UK.
His main role was to oversee the development of the business with a focus on technology, including its robo-human advice hybrid bionic advice.
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